In a short essay, explain the concept of CSR. List some typical CSR values
What will be an ideal response?
Corporate social responsibility (CSR) refers to operating a business in a manner that meets or exceeds the ethical, legal and commercial expectations of customers, shareholders, employees and the communities where the firm does business. Adhering to CSR implies a proactive approach to ethical behavior in which firms not only seek to maximize profits, but also to benefit society and the environment.
Typical CSR values include:
? Avoiding human rights abuses
? Upholding the right to join or form labor unions
? Eliminating child labor
? Avoiding workplace discrimination
? Protecting the natural environment
? Guarding against corruption
? Undertaking philanthropic efforts
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Indicate whether the statement is true or false
Using ________, researchers measure consumer responses to new products and marketing tactics in laboratory stores or virtual online shopping environments
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