Question

__________ suggests that corporate social responsibility is composed of economic, legal, ethical, and philanthropic responsibilities and that a firm's economic performance supports the entire structure.

Answer 1

Pyramid of corporate social responsibility

Step-by-step explanation:

Corporate Social Responsibility applies to corporate responsibility towards societies to achieve its goals, purposes, and targets.

The organization could not operate for a longer time without the society's approval as it would damage the community well-being and eventually the organization needs to shut down its operations.

In other words, it is an obligation to society to take care of society as a whole while carrying out its business activities so that it would be a commitment to self-regulation through business

And, the pyramid of corporate social responsibility involves economic, legal, ethical, and philanthropic responsibilities so that the business could support the society and in return the society support the organization through which they can perform its operations in efficiently and effectively manner