Photo AI

Assess the likely value of Corporate Social Responsibility to a business, such as Cadbury. - Edexcel - A-Level Business - Question 2 - 2018 - Paper 3

Question icon

Question 2

Assess-the-likely-value-of-Corporate-Social-Responsibility-to-a-business,-such-as-Cadbury.----Edexcel-A-Level Business-Question 2-2018-Paper 3.png

Assess the likely value of Corporate Social Responsibility to a business, such as Cadbury.

Worked Solution & Example Answer:Assess the likely value of Corporate Social Responsibility to a business, such as Cadbury. - Edexcel - A-Level Business - Question 2 - 2018 - Paper 3

Step 1

Understanding Corporate Social Responsibility (CSR)

96%

114 rated

Answer

Corporate Social Responsibility (CSR) involves attention to the needs and preferences of all stakeholders, not just shareholders. This includes customer care, employee treatment, environmental impact, and the overall ethical conduct of a business.

Step 2

Positive Values of CSR

99%

104 rated

Answer

For Cadbury, implementing CSR practices such as looking after employees through benefits and maintaining product quality can enhance brand reputation. Supporting government health initiatives can improve employee motivation and overall morale, making the brand more appealing to socially conscious consumers.

Step 3

Potential Counterbalance

96%

101 rated

Answer

Financial considerations can overshadow CSR efforts. For instance, consumers may prioritize lower prices, especially during economic downturns, which could lead them to overlook manufacturers that practice CSR. Additionally, chocolate is often an impulse buy, challenging brands to gain customer loyalty solely on CSR grounds.

Step 4

Possible Judgment

98%

120 rated

Answer

Long-term, CSR may enhance profitability by distinguishing the business in a competitive market. Cadbury’s commitment to social initiatives could foster customer loyalty and brand alignment with ethical consumerism, driving sales growth.

Join the A-Level students using SimpleStudy...

97% of Students

Report Improved Results

98% of Students

Recommend to friends

100,000+

Students Supported

1 Million+

Questions answered

Other A-Level Business topics to explore

;