Question

SHORT-ANSWER QUESTION
According to Tristano, what's the long-term advantage for making socially responsible
business decisions that increase the cost of doing business regardless of whether
consumers are willing to pay a higher price?

Answer 1

An advantage for making socially responsible business decisions is that it improves public image.

• Corporate social responsibility is the concept whereby organizations integrate environmental and social concerns into their operations. An example of corporate social responsibility is an organization that gives scholarships to students.

• Corporate social responsibility helps in the improvement of the public image of the company. It also makes an organization more sustainable. Also, it can help in the attraction and the retention of employees.

In conclusion, corporate social responsibility also gives an organization a competitive advantage over its competitors and enhances its reputation.

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