Being Known as a Socially Responsible Firm May Provide a Company

question 79

True/False

Being known as a socially responsible firm may provide a company with social capital, the goodwill of key stakeholders, that can be used for competitive advantage.

---

Definitions:

Indigenous

Referring to the original inhabitants of a region or country, usually people who have historically been marginalized and maintain distinct cultural traditions.

Collective Behavior

Collective behavior is a sociological term for actions undertaken by a group of people who are united by a common interest, often manifesting in spontaneous and unstructured ways outside societal norms.

Social Behavior

Actions within a society that are carried out by individuals and are influenced by the presence and behavior of others.

Revolution

The overthrow of a state or the total transformation of central state institutions.