CSR

Question 1

What does CSR stand for?

Answer 1

Corporate Social Responsibility

Question 2

Define CSR.

Answer 2

Corporate Social Responsibility (CSR) refers to a business concept where companies integrate social, environmental, and ethical concerns into their operations and interactions with stakeholders.

Question 3

Name the three areas of CSR.

Answer 3

1. Economic Responsibility
2. Social Responsibility
3. Environmental Responsibility

Question 4

Benefits of CSR for businesses.

Answer 4

1. Enhanced Reputation and Brand Image
2. Better precieved quality of products

Question 5

Considerations of CSR.

Answer 5

1. can be expensive
2. time and resources are spend
   3.may comprimise product function