1. Describe what is profit and why this is important to organisations. 2. Profit is an important source of finance for business. Profit earned which are kept in Describe what is Corporate Social Responsibility and why this is important to organisations. It is a management concept whereby companies integrate social and environmental concern in their business operation and interactions with their stakeholder. 3. Outline the types of CSR activities that a business may carry out, use examples from organisation. 4. Link profit with corporate social responsibility give examples of organisations and their CSR actions. 5. Give advantages and disadvantages of focusing on profits. Give advantages and disadvantages of focusing on profits 6. Mention the impacts on the business in terms of costs and benefits
1. Describe what is profit and why this is important to organisations. 2. Profit is an important source of finance for business. Profit earned which are kept in Describe what is Corporate Social Responsibility and why this is important to organisations. It is a management concept whereby companies integrate social and environmental concern in their business operation and interactions with their stakeholder. 3. Outline the types of CSR activities that a business may carry out, use examples from organisation. 4. Link profit with corporate social responsibility give examples of organisations and their CSR actions. 5. Give advantages and disadvantages of focusing on profits. Give advantages and disadvantages of focusing on profits 6. Mention the impacts on the business in terms of costs and benefits
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Your answers to these questions will truly be appreciated. You can use a restaurant asa business to answer these questions for example
![3/1zoROOp8kOvdQRoc6ucxODmRoNdoU8v6OWa-JK99CHNQ/edit
New Tab
© gbbg
Com...
= Add-ons Help
Last edit was 3 hours ago
BIUA
三 三▼
E E
Calibri
18
.. 1
3
4
1. Describe what is profit and why this is important to organisations.
2. Profit is an important source of finance for business. Profit earned which are kept in
Describe what is Corporate Social Responsibility and why this is important to
organisations.
It is a management concept whereby companies integrate social and environmental concern in
their business operation and interactions with their stakeholder.
3. Outline the types of CSR activities that a business may carry out, use examples from
organisation.
4. Link profit with corporate social responsibility give examples of organisations and
their CSR actions.
5. Give advantages and disadvantages of focusing on profits. Give advantages and
disadvantages of focusing on profits
6. Mention the impacts on the business in terms of costs and benefits
!!!](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a007808-bc3f-4951-aa6a-5f6287b5781a%2F970023be-f684-458a-83dc-28645a16e0df%2F2il5kwn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3/1zoROOp8kOvdQRoc6ucxODmRoNdoU8v6OWa-JK99CHNQ/edit
New Tab
© gbbg
Com...
= Add-ons Help
Last edit was 3 hours ago
BIUA
三 三▼
E E
Calibri
18
.. 1
3
4
1. Describe what is profit and why this is important to organisations.
2. Profit is an important source of finance for business. Profit earned which are kept in
Describe what is Corporate Social Responsibility and why this is important to
organisations.
It is a management concept whereby companies integrate social and environmental concern in
their business operation and interactions with their stakeholder.
3. Outline the types of CSR activities that a business may carry out, use examples from
organisation.
4. Link profit with corporate social responsibility give examples of organisations and
their CSR actions.
5. Give advantages and disadvantages of focusing on profits. Give advantages and
disadvantages of focusing on profits
6. Mention the impacts on the business in terms of costs and benefits
!!!
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Understanding Business](https://www.bartleby.com/isbn_cover_images/9781259929434/9781259929434_smallCoverImage.gif)
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
![Management (14th Edition)](https://www.bartleby.com/isbn_cover_images/9780134527604/9780134527604_smallCoverImage.gif)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
![Spreadsheet Modeling & Decision Analysis: A Pract…](https://www.bartleby.com/isbn_cover_images/9781305947412/9781305947412_smallCoverImage.gif)
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
![Understanding Business](https://www.bartleby.com/isbn_cover_images/9781259929434/9781259929434_smallCoverImage.gif)
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
![Management (14th Edition)](https://www.bartleby.com/isbn_cover_images/9780134527604/9780134527604_smallCoverImage.gif)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
![Spreadsheet Modeling & Decision Analysis: A Pract…](https://www.bartleby.com/isbn_cover_images/9781305947412/9781305947412_smallCoverImage.gif)
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
![Management Information Systems: Managing The Digi…](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780135191798/9780135191798_smallCoverImage.jpg)
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
![Business Essentials (12th Edition) (What's New in…](https://www.bartleby.com/isbn_cover_images/9780134728391/9780134728391_smallCoverImage.gif)
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
![Fundamentals of Management (10th Edition)](https://www.bartleby.com/isbn_cover_images/9780134237473/9780134237473_smallCoverImage.gif)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON