What is CSR and why is it important for companies?
CSR stands for Corporate Social Responsibility. It's important because it helps companies build trust and loyalty with consumers.
How does CSR influence consumer buying decisions?
Consumers are more likely to support brands that demonstrate social responsibility, as it aligns with their values.
Can you give examples of companies with strong CSR initiatives?
Sure! Companies like Patagonia and Ben & Jerry's are known for their strong CSR initiatives, focusing on environmental and social issues.
What are the risks for companies that ignore CSR?
Ignoring CSR can lead to negative consumer perception, loss of brand loyalty, and potential boycotts.
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