The Business Case Behind Why Companies Should Act in a Socially

question 61

Multiple Choice

The business case behind why companies should act in a socially responsible manner does NOT include

• A)increased buyer patronage
• B)internal benefits such as improved workforce retention and operational efficiency
• C)aggressive pursuit of market share, revenues, and profits
• D)reduced risk of reputation-damaging incidents
• E)shareholder benefits such as increased stock price and financial performance

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Definitions:

Look-Alike Packaging

Packaging that closely mimics the appearance of a well-known brand's product packaging to attract consumers.

Unfair Competition

Practices that are dishonest or deceptive and intended to give one business an unfair advantage over competitors.

Competitive Variation

Differences among competitors in a market that provide alternative options to consumers, including features, pricing, and quality.

Variable-Ratio

A type of reinforcement schedule in which a response is reinforced after an unpredictable number of responses, making it highly effective for maintaining behavior.