Friedman's Position on Social Responsibility

question 84

Multiple Choice

Friedman's position on social responsibility

• A) proposes that a lack of social responsibility results in increased government regulations.
• B) appears to be losing traction with business executives.
• C) suggests that a lack of social responsibility reduces a firm's efficiency.
• D) explains why firms are using their socially responsible actions for competitive advantage.
• E) mirrors Carroll's position.

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Definitions:

Ultimate Consumers

End-users who purchase products or services for personal use rather than for resale or further production.

Promotional Mix

The combination of marketing strategies and methods a company uses to promote its brand or products, including advertising, sales promotion, public relations, and direct marketing.

Manufacturer

A company or individual that produces finished goods from raw materials through the use of tools, machinery, and processes.

Nationwide Advertising

Advertising campaigns that are designed and broadcast across an entire country, targeting a national audience.