According to research, what is the most significant monetary benefit for firms that implement corporate social responsibility?
A) employee retention
B) high recruitment rates
C) increased brand value
D) improved organizational culture

Question

Quizplus · Accepted Answer

The most significant monetary benefit for firms that implement corporate social responsibility is increased brand value. This is because consumers are increasingly looking for socially responsible and sustainable products and will willingly pay more for products from socially responsible brands. Therefore, implementing CSR can lead to increased sales and profits, making it a significant monetary benefit. While employee retention, high recruitment rates, and improved organizational culture are also benefits of CSR, they may not have as significant a monetary impact as increased brand value.

According to Research, What Is the Most Significant Monetary Benefit