Question

Recently, many organizations have added __________ to their mission statements.

a. a business definition
b. a social element to reflect what is morally right and worthwhile
c. an economic element to promote profit maximization
d. an expanded definition of stakeholders to include its competitors
e. their level of pricing and product quality.

Answer 1

The answer to this question is (b.) a social element to reflect what is morally right and worthwhile.
The companies use this tactic in order to gain favour from potential customers by aligning their value with the customers'. When customers feel that a company is reflecting all the values that they believe in, they will be more likely to be loyal to that company and keep buying their products