Question

Which of the following is conducted primarily to satisfy the public interest?

a) Corporate social responsibility
b) Profit maximization
c) Market expansion
d) Cost minimization

Answer 1

Corporate social responsibility (CSR) is conducted primarily to satisfy the public interest, going beyond financial gains.

Step-by-step explanation:

Out of the options provided, corporate social responsibility (CSR) is conducted primarily to satisfy the public interest. CSR refers to a company's voluntary actions to consider the social and environmental impacts of its operations and to take responsibility for the well-being of its stakeholders, including employees, customers, and the community.

Unlike profit maximization, which focuses on maximizing financial profits for the company and its shareholders, CSR goes beyond financial gains and aims to contribute to societal welfare. Market expansion and cost minimization are important business strategies but are not primarily driven by the goal of satisfying public interest.