Question

The Body Shop, Timberland, and Patagonia behave in environmentally responsible ways that differentiate them from competitors, build consumer preference, and achieve notable sales and profit gains. This is an example of ________. A. goodwill B. social responsibility C. technology D. globalization

Answer 1

Answer: B. Social responsibility

Explanation: Social responsibility as an ethical framework suggests that organizations and individuals are to act in manners that are beneficial to the society. The aim is to maintain a balance between the economy and the ecosystems (environment). Some of the practices include philanthropy (by engaging in charitable giving) environment conservation (such as reducing carbon footprint to mitigate climate change), change in corporate processes to benefit the environment etc.