According to ________, the Social Responsibility of Business Is to Increase

question 36

Multiple Choice

According to ________, the social responsibility of business is to increase profits, so long as the company stays within the rules of law.

• A) the naive immoralist
• B) the righteous moralist
• C) cultural relativism
• D) the Friedman doctrine

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Definitions:

Broaden the Brand's Meaning

entails strategies to expand the association and attributes connected to a brand, making it relevant to more consumers or markets.

Educate Consumers

The process of informing potential buyers about the features, benefits, and usage of a product or service to influence their purchasing decisions.

Sue Competitors

A legal strategy where a company takes legal action against rival companies, often over patent infringements or unfair business practices.

Brand Authenticity

Refers to the extent to which consumers perceive a brand as being true to itself and genuine in its actions and communications.