1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marizza181 [45]
3 years ago
5

Is it possible for companies both to maximize financial value and to be socially responsible? Explain.

Business
1 answer:
Amiraneli [1.4K]3 years ago
3 0

Answer:

This question is about Corporate Social Responsibility (CSR), which is basically being socially responsible (with the employees, community, environment, etc.) and at the same time trying to maximize the financial value of a company (which is a duty to shareholders).

It might be easier for some companies, e.g. service providers, while much harder for mining companies (and other extracting companies). But it doesn't meant that all companies should try their best to do it.

Some companies even benefit from being socially responsible and increase their income through higher sales, e.g. Ben and Jerry's actually increased their sales of ice cream by focusing on CSR.

Even small businesses can benefit from CSR since it increases customer awareness and loyalty, and that can lead to higher sales. E.g. the public image of local businesses that help to finance certain community services improves and that eventually leads to higher sales.

Customers tend to favor companies that they consider to be socially responsible, and if they have to decide between purchasing from a socially responsible company or from another that isn't, they will generally purchase form the socially responsible one.

You might be interested in
What job responsibilities and duties do you excel at answers?
luda_lava [24]
I believe I excel at geological field work like mapping and showing the distribution of the rocks and features such as faults and explaining the landforms by their geological basis and also how geological structures can cause stability problems in open pit mines.
3 0
3 years ago
Read 2 more answers
If you are using your factors of production at 100% efficiency, you will be A. on the curve B. at the top of the curve C. at the
STALIN [3.7K]

Answer: A. On the curve.

Explanation:

Production possibilities curve (PPC) is simply a graphical representation that is used to show different combinations of two goods which a particular economy can produce when the economy uses the resources it has efficiently.

Points on the curve shows that the resources in an economy are efficiently used, points on the interior of the curve shows that the resources are used inefficiently while the points that are beyond the curve shows are referred to as unattainable.

Therefore, if you are using your factors of production at 100% efficiency, you will be on the curve.

The answer is A.

5 0
3 years ago
Handyman Hardware, a small community-based store, offers its consumers the option of using credit. Creditworthy individuals are
kondor19780726 [428]

Answer:

Read the potential thesis, as it appears below. Is the thesis specific enough to provide clear direction to the writer?

In "Claiming an Education," Adrienne Rich uses logos, ethos, and pathos.

5 0
3 years ago
A retail store's Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales. If the sale
ella [17]

Answer:

$10,619.05

Explanation:

When sales is made at a tax rate of 5%, the entries to be posted in the proportion of the transaction amount

Dr Cash/ Accounts receivable 105%

Cr Sales revenue 100%

Cr Sales tax 5%

As such, if Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales, it means that the accounts contains 105%, as such, the sales tax which is the amount owed the taxing agency

= 5/105 * $223,000

= $10,619.05

3 0
3 years ago
Mia Lane bought a high-definition television for $7,500. Based on her income, she could afford to pay back only $600 per month.
lina2011 [118]

Answer:

$ 7,012.50

Explanation:

Please see attachment

6 0
3 years ago
Other questions:
  • Someone may choose to own a car instead of leasing because
    9·1 answer
  • Companies put promotion candidates through gatekeeper tests because _______.
    5·2 answers
  • An increase in input costs in the production of electric automobiles caused the price of electric automobiles to rise. Holding e
    11·2 answers
  • Mark owns stock in Walgreens. He has the right to vote on company issues and examine corporate records, and he receives dividend
    8·1 answer
  • Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc
    10·1 answer
  • 4. The three NIMS guiding principles are:
    13·1 answer
  • James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membershi
    9·1 answer
  • Presented below is information related to Shamrock Corp., which sells merchandise with terms 2/10, net 60. Shamrock Corp. record
    7·1 answer
  • MY STORE bought sweaters at a wholesale price of $12 and sold them for $34.99. Ron says the markup is $46.99 but you say he is w
    11·1 answer
  • Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tick
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!