Interacting with the community in which a company does business in a way that makes money for the company but also improves the long-term well-being of the community is often labeled __________.
A) ethical management
B) activist strategy
C) social sustainability
D) market strategy
E) future management

Question

Quizplus · Accepted Answer

Social sustainability refers to a company's ability to meet its present needs while improving the overall well-being of the community in which it operates, ensuring that the community's long-term well-being is not compromised. This approach leads to a mutually beneficial outcome for both the company and the community. It is an important aspect of corporate social responsibility (CSR) that goes beyond just making profits for the company. Therefore, social sustainability best describes the given scenario.

Interacting with the Community in Which a Company Does Business