Question

The RedCap Corporation is committed to social responsibility. It is looking for a new shipping partner and has found LogiSpec, one that seems to be perfect since it employs individuals with disabilities, contributes a portion of profit to the local school system, and allows its employees to work on flextime. RedCap is very interested in LogiSpec’s attention to social responsibility. However, its pricing is almost 12% higher than other shippers RedCap is considering. The fact that RedCap's decision has to balance the company’s desire for social responsibility and investors' desires for profits is an example of a(n) ____ responsibility.

Answer 1

Answer:

economic responsibility

Explanation:

In this case, economic responsibility is part of corporate social responsibility and it is about balancing the company's operations and performing sustainable practices. For example, in this case, the company wants to work with other companies that are also interested in their CSR, but it cannot afford to pay a price that is much higher than other competitors. Another example is recycling, if recycling materials is simply to expensive, many companies will instead keep buying raw materials. This happens a lot with consumer electronics.