Which groups does a firm exhibiting stakeholder responsibility primarily serve?
ID: 2617621 • Letter: W
Question
Which groups does a firm exhibiting stakeholder responsibility primarily serve?
the general public, public interest groups, and environmental groups
owners and stockholders
the general public, owners, and stockholders
consumers, employees, and suppliers
federal, state, and local governments
Whereas _____ deal with personal moral principles and values, _____ are society’s values and standards that are enforceable in the courts.
relationships; mores
ethics; laws
laws; ethics
ethics; judgments
principles; outcomes
At 3M, product development opportunities emanate both from consumer research and the company’s “Pollution Prevention Pays” (3P) program. This program solicits employee suggestions on how to reduce pollution and recycle materials. This is an example of
a social audit.
green marketing.
the marketing concept.
sustainability.
social entrepreneurship.
Converting socially responsible ideas into actions involves careful planning and monitoring of programs. Many companies develop, implement, and evaluate their social responsibility efforts by means of
an action plan.
a tactical plan.
a research plan.
a social audit.
a financial audit.
Explanation / Answer
Which groups does a firm exhibiting stakeholder responsibility primarily serve
Answer = Customers, employees, supplies
Whereas _____ deal with personal moral principles and values, _____ are society’s values and standards that are enforceable in the courts.
answer = ethics; laws
At 3M, product development opportunities emanate both from consumer research and the company’s “Pollution Prevention Pays” (3P) program. This program solicits employee suggestions on how to reduce pollution and recycle materials. This is an example of
Answer = Green Marketing
Converting socially responsible ideas into actions involves careful planning and monitoring of programs. Many companies develop, implement, and evaluate their social responsibility efforts by means of
Answer = a social audit
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