CSR

Question 1

what is CSR

Answer 1

CSR refers to organisations with aim to act in an ethical way or in anyway that benefits either society or the environment.

Question 2

the 4 methods to ensure good CSR

Answer 2

Ethical and environmental responsibilities - for example avoiding the use of child labour

philanthropy - for example donating to charity

economical responsibilities - for example using far and competitive marketing

legal responsibilities - for example abiding by laws that govern businesses

Question 3

advantages of positive CSR

Answer 3

• the business gains a good reputation for its caring nature
  -customers who agree with the aim are likely to use the business
  -the business can attract high-quality staff who believe in the ethics of the business
  -society and the environment are kept in good order which will benefit the business in the long un.