Question

Why should business be concerned with resolving social problems? Explain briefly,
and state the benefits likely to be derived in the long run by socially responsive
companies.​

Answer 1

Answer:

The potential benefits of CSR to companies include:

better brand recognition.

positive business reputation.

increased sales and customer loyalty.

operational costs savings.

better financial performance.

greater ability to attract talent and retain staff.

organisational growth.

easier access to capital.