The concept of corporate social responsibility refers to acting socially responsible via discharge of social obligations by a corporate. The concept recognizes the fact that a business derives it's resources, manpower and other needs from the society.
Thus, it is essential for a business to act socially responsible via judicial use of the resources, acting in the interests of the society by contributing towards education and other amenities such as drinking water and sanitation services.
In the given case, Coca cola spending $102 million towards water stewardship, healthy and active lifestyle, community recycling and education is an example of it's CSR program. Since the activities do not form part of the company's business activities and are separate.
The seller may reject the offer and choose to provide a counteroffer.
Explanation:
In a free-market environment, a seller has the option to accept or decline an offer for what he is selling, in this case, a house. Furthermore, he can propose a counteroffer to see if the buyer is able and willing to pay more for that house. Taking this simple rules into account, the seller may reject Kelly’s offer if he wants and can choose to make a counteroffer.
