Answer:
Explanation:
1. From a financial and ethical standpoint, helping those in need can be advantageous for a firm in a number of ways. Going back to the community can benefit a business's reputation, brand image, and public relations, which can promote client loyalty and support. When a business participates in charity endeavours, it can also produce favourable press and media attention, which can raise its profile and strengthen its position in the marketplace. Participating in humanitarian endeavours can also raise employee spirits and motivation, which enhances work output and productivity. From a moral standpoint, charitable endeavours show that a business is dedicated to social responsibility and is eager to support the prosperity of the neighbourhood in which it operates. Companies have an ethical obligation to do this to support those who are less fortunate and to contribute to society. Hence, a firm can profit from charity endeavours by upholding its moral duties and encouraging a feeling of social consciousness among its stakeholders.
2. The long-term viability of a corporation depends on fairness. A business fosters a culture of trust and respect that fosters long-term success when it treats its stakeholders fairly, including its employees, clients, suppliers, and other stakeholders. Fairness in business can take many different forms, including fair pay, reasonable working hours, reasonable prices, competitive pricing, and equitable profit sharing. Customers are more loyal to businesses that stress justice because they value and appreciate it. Fair treatment of workers can also lead to increased job satisfaction and higher retention rates. Treating suppliers fairly can promote long-term relationships and strengthen supply chain security. Ultimately, fairness is essential for maintaining a firm because it fosters an environment that promotes moral behaviour, trust, and loyalty among all stakeholders.