Are socially responsible corporations more profitable Explai

Are socially responsible corporations more profitable? Explain your answer.

Solution

We can find almost every company doing CSR activities in fact the CSR has also became an effective way of promotion. Companies doing CSR activities use to choose the remote areas so that they can promote their brand name in those areas where there marketing team has no reached. This also helps to add customers with their company and in society it helps to form a strong brand name. Doing CSR activities also help in tax saving which also helps the company to make more profit.