Initiatives Taken by Businesses in Addressing Socio-Economic Issues (Grade 10 NSC Matric Business Studies): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Define CSR
Define CSR
Responsibility for societal/environmental impact + ethical operations
Main purpose of CSR
Main purpose of CSR
Give back to community & create positive social value
Define poverty alleviation
Define poverty alleviation
Measures to permanently lift people out of poverty
Define diversity (workplace)
Define diversity (workplace)
People of various racial, ethnic, cultural backgrounds together
SA top 1% earners: % of income
SA top 1% earners: % of income
Almost 20% of all income
Define intellectual property
Define intellectual property
Human intelligence product protected from unauthorised use
Global HIV+ population (2019)
Global HIV+ population (2019)
38 million people
CSR benefits to businesses
CSR benefits to businesses
More customer support, loyalty, sales, better reputation
SA global rank: violence reduction
SA global rank: violence reduction
10th worst country
Woolworths monthly donation
Woolworths monthly donation
More than R1.5 million to schools & charities