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

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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