Proponents of the socioeconomic view of social responsibility believe that being socially responsive is ________
A) good for business
B) bad for business
C) neither good nor bad for business
D) bad for any business in a competitive market
Answer: A
Explanation: Supporters of the socioeconomic view think that being socially responsive gives an organization a positive public image that in the long run pays for itself in customer loyalty and profits. Being good for business rules out the choices regarding "bad for business" and "neither good nor bad for business" as correct choices. Positing that social responsibility is harmful only in competitive markets is beside the point since almost all businesses operate within competitive markets.
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A strategic-planning gap can be corrected by ________
A) changing the company's mission B) adjusting its core values C) choosing integrative growth strategies D) redefining organizational culture E) increasing resource use
Why would a producer use wholesalers rather than selling directly to retailers or consumers?
What will be an ideal response?