Question

Provide examples that serve to explain the differences among the following terms: (1) corporate responsibility; (2) corporate social initiatives; (3) corporate philanthropy

Answer 1

Answer: See explanation

Step-by-step explanation:

Corporate responsibility is when an organization helps the society at large by contributing its own quota to the society and addressing certain social issues in such society. Example include giving scholarship to students.

Corporate social initiatives are used by organizations to address social problems, increase opportunities for the deprived, promote environmental justice etc. Examples include reduction in the carbon footprints and the improvement in labor policies.

Corporate philanthropy is when's business seeks the welfare of others and promote it. This is normally done through donation.