CSR standards are more difficult for firms in a concentrated and competitive industry.

Question

CSR standards are more difficult for firms in a concentrated and competitive industry.​

Quizplus · Accepted Answer

In a concentrated and competitive industry, firms may be more focused on short-term profits and cost-cutting measures to stay competitive, making it harder to prioritize and invest in CSR initiatives that may not have immediate financial benefits. Additionally, in such industries, there may be more pressure to keep up with competitors' practices rather than innovating in socially responsible ways.

CSR Standards Are More Difficult for Firms in a Concentrated