Question

Advantage and disadvantage of social responsibility

Answer 1

Advantages of Social Responsibility
Having a socially responsible company is marketable and attractive to consumers and buyers.Positive Publicity for positive behavior.Companies are less likely to be singled out or face action from pressure groups or disgruntled consumers.Products are seen as high quality from consumers, even if the product may be inferior from other means.Retention of current employees is more likely if the company treats them well.The brand of the company appears stronger and more attractive to consumers.Regulation and Authoritative Bodies are less likely to take interest in controversial practices.
Disadvantages of Social Responsibility 
There is a greater expense in the manufacture of products if they need to be replaced.There is, therefore, an increase in cost and a decrease in contribution from products.If there is a mistake or products are made without renewable sources, for example, they may need to recall some of their products to ensure consistent quality and credibility in their own CSR program.

Companies that are more socially responsible are most likely going to benefit from it, however, if the cost of doing so takes a big hit on productivity, then it may be difficult to convince shareholders.

Answer 2

Answer:

social responsibility