Which of the Following Is Normally Associated with Organizations That

question 62

Multiple Choice

Which of the following is normally associated with organizations that take a socially responsible approach to business?

• A) tend to reap financial benefits in the short term
• B) their brands often is impacted negatively in the mid and long term
• C) tend to attract a very narrow market segment that is socially conscientious, hence, impacting sales negatively
• D) operating costs tend to increase vis-à-vis less socially conscientious competitors
• E) are viewed negatively in the markets they serve

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Definitions:

Business Success

The achievement of desired financial and operational goals in a business, often marked by profits, growth, and market share.

Planning

The act of defining a strategy or direction and making decisions on allocating resources to pursue this strategy.

Entrepreneurs

Individuals who start and manage businesses, taking on financial risks in the hope of profit.

Concept Statement

A written description that explains a new project or product idea, outlining its essence, purpose, and target market.