What is meant by corporate social responsibility?

Corporate social responsibility (CSR) refers to a company's responsibility to operate in an

ethical and sustainable manner, taking into account the social, environmental, and economic
impacts of its actions.
What are the benefits of CSR?
Improved reputation and brand image
Increased customer loyalty and trust
Attraction and retention of employees
Improved relationships with stakeholders
Risk management
What are the drawbacks of CSR?
Increased costs and reduced profitability
Difficulty in measuring the impact of CSR activities
Potential for greenwashing and lack of transparency
Pressure from stakeholders to do more
What is meant by international trade?
International trade refers to the exchange of goods and services between countries.
What are the benefits of international trade?
Increased economic growth and job creation
Access to a wider range of goods and services
Lower prices for consumers
Increased competition and innovation
Greater opportunities for small and medium-sized enterprises
 What are the drawbacks of international trade?
Increased competition and potential for job losses
Dependence on foreign suppliers
Trade imbalances and currency fluctuations
Environmental and social impacts
Potential for cultural imperialism
What is meant by globalization?
Globalization refers to the increasing interconnectedness of the world's economies,
societies, and cultures, facilitated by advancements in technology, transportation, and
communication.
What are the benefits of globalization?
Increased economic growth and job creation
Access to a wider range of goods and services
Lower prices for consumers
Increased competition and innovation
Greater opportunities for small and medium-sized enterprises
What are the drawbacks of globalization?
Increased competition and potential for job losses
Dependence on foreign suppliers
Trade imbalances and currency fluctuations
Environmental and social impacts
Potential for cultural imperialism

 What is meant by a strategic alliance?

A strategic alliance is a cooperative relationship between two or more
companies to achieve mutual benefits, such as sharing resources and
expertise, reducing costs, and accessing new markets.