Which of the Following Statements Is True Regarding Social Responsibility

question 177

Multiple Choice

Which of the following statements is True regarding social responsibility in marketing?

• A) Being socially responsible can lead to a positive response from customers.
• B) Being socially responsible can conflict with a firm's profit objective.
• C) Companies tend to avoid developing written codes of ethics because standards for professional behavior are ambiguous by nature.
• D) All of the above.
• E) Only A and B above.

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Definitions:

Social Change

The transformation over time in the social structures and cultural patterns of a society.

Economic Development

The process through which a region improves the economic, political, and social well-being of its people.

Democratic Government

A form of government in which power is vested in the people and exercised by them directly or through freely elected representatives.

Collectivization

The process of transforming private assets, properties, or industries into collectively owned entities, often associated with communist or socialist policies.