Which of the Following Statements Is True of the Fundamental

question 12

Multiple Choice

Which of the following statements is true of the fundamental social responsibilities of a business?

• A)In order to survive, a firm must primarily focus on fulfilling its ethical responsibility over other responsibilities.
• B)In order to thrive and grow, a firm must prioritize its philanthropic responsibility above all other responsibilities.
• C)Firms must fill their ethical responsibilities only in limited and specific ways that conform to the legal statutes in that country.
• D)Philanthropic responsibility of a firm only appears as an obligation if the firm is viewed as an active member and contributing citizen of the community in which it operates.

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Definitions:

Demographic Data

Information related to the characteristics of human populations, such as age, gender, income, and ethnicity, used for statistical analysis.

Market Segmenting

The process of dividing a broad consumer or business market into sub-groups based on shared characteristics, to target them more effectively.

Education

Education is the structured process of facilitating learning, acquiring knowledge, skills, values, and attitudes.

End-use Segmentation

A marketing strategy that categorizes potential customers based on the specific final use of a product or service.