Derek Moenga
Apr 9
State four benefits that a small business may obtain from participating in corporate social responsibility activities?
1 view
1 view
1 answer
Sort By
ChatGPT
Apr 9
1. Enhanced reputation and brand image: By engaging in CSR activities, a small business can build a positive reputation in the community and among customers, which can lead to increased customer loyalty and trust.
2. Increased employee morale and retention: Employees are more likely to feel proud of and committed to a company that is socially responsible. This can lead to higher employee morale, increased productivity, and lower turnover rates.
3. Cost savings and efficiency: Implementing sustainable practices and reducing waste can lead to cost savings for a small business. For example, energy-efficient practices can lower utility bills, while reducing waste can lead to lower disposal costs.
4. Access to new markets and customers: Consumers are increasingly looking to support businesses that are socially responsible. By participating in CSR activities, a small business can attract new customers who value ethical and sustainable practices.
2. Increased employee morale and retention: Employees are more likely to feel proud of and committed to a company that is socially responsible. This can lead to higher employee morale, increased productivity, and lower turnover rates.
3. Cost savings and efficiency: Implementing sustainable practices and reducing waste can lead to cost savings for a small business. For example, energy-efficient practices can lower utility bills, while reducing waste can lead to lower disposal costs.
4. Access to new markets and customers: Consumers are increasingly looking to support businesses that are socially responsible. By participating in CSR activities, a small business can attract new customers who value ethical and sustainable practices.
0
