Question

Which of the following statements is true regarding social responsibility in marketing

a. companies tend to avoid devleoping written codes of ethics because standards for professional behavior are abiguous by nature
b. firms tend ot advance thier own short term interest at the expense of hte cust
c. being socially responsible usally leads to negative response from cust
d. being socially responsible can conflict with a firm's profit objectives
e. none of above

Answer 1

The true statement regarding social responsibility in marketing is that being socially responsible can sometimes conflict with a firm's profit objectives, highlighting the tension between ethical responsibilities and profit maximization.

Step-by-step explanation:

Based on the provided information and the broader issues at hand regarding corporate responsibility, it's evident that the true statement regarding social responsibility in marketing is that being socially responsible can conflict with a firm's profit objectives. While Milton Friedman argued that the sole social responsibility of business is to increase its profits, contemporary understandings of corporate ethics consider the balance between profit and ethical responsibility.

This balance is evident in the development of codes of ethics, like those provided by IEEE-CS for software engineers, which place responsibility on professionals to ensure their work is safe, respects privacy, and is environmentally sound. Furthermore, the intertwining of the rights of individuals and communities, as well as the social, economic, and environmental impacts of corporate actions, demonstrate the complex relationship between profit and social responsibility.