Asked by Nomzamo Lubisi on Jun 29, 2024

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According to its opponents, corporate social responsibility will raise business costs, reduce business profits, dilute the purpose of business, and give business too much social power.

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Business Costs

Business costs entail the expenses associated with the day-to-day operations of a business, including but not limited to production, labor, materials, and overhead costs.

Social Power

The ability of an individual or group to influence or control others within a social structure, often used to achieve personal or collective goals.

  • Acquire knowledge about the basics of corporate social responsibility (CSR) and its role in shaping organizational strategy.
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JH
Jerri HirstJun 30, 2024
Final Answer :
True
Explanation :
Opponents of corporate social responsibility argue that it will increase business costs and reduce profits. They also claim that it dilutes the purpose of business by adding social goals, and that it gives too much social power to businesses.