Question

In the industry and the community, Tri-State is known for its low-cost business strategy, but also as a company that is generous to its employees. After 100 years of successful operation, it now finds itself with a respected brand and a market share leader. Tri-State also prides itself on helping with school lunch programs in disadvantaged school districts. In the past, it has helped organizations like the Salvation Army and Red Cross when natural disasters occur across the United States, but this is on an as needed basis. How would you classify Tri-State's social actions? a. Social responsiveness b. Green c. Social responsibility d. Classical

Answer 1

Answer:

In the industry and the community, Tri-State is known for its low-cost business strategy, but also as a company that is generous to its employees. After 100 years of successful operation, it now finds itself with a respected brand and a market share leader. Tri-State also prides itself on helping with school lunch programs in disadvantaged school districts. In the past, it has helped organizations like the Salvation Army and Red Cross when natural disasters occur across the United States, but this is on an as-needed basis - Tri-State's social actions would be classified as corporate social responsibility (option C).

Explanation:

Tri-State's social actions would be classified as corporate social responsibility. The reason is that corporate earns in this society, so it is now the responsibility of the firm to give back some profits to this society.

Thus, Tri-State's social actions would be classified as corporate social responsibility (option C).