Question

Social responsibility a. is generally a crafty scheme to put competitors out of business. b. is costly but provides tremendous benefits to society and the business. c. can be extremely expensive and provides very little benefit to a company. d. has little or no associated costs. e. has become less important as businesses become more competitive.

Answer 1

Option B. Is costly but provides tremendous benefits to society and the business

Step-by-step explanation:

The social responsibility though imposes a duty of care (a liability) but it also increases the loyalty of people and helps improve its image in the society. The benefit of social responsibility is that the company will see the social problems with a new perspective and propose relevant actions which they will fund from their operations. So these things brings a positive view of the company which might help it improve its image and increase customer base due to its better image. So yes it helps businesses to increase its profits.