Questions: Which statement below regarding corporate social responsibility (CSR) is true? Critics claim that CSR can damage the brand image. CSR is an emerging area of study that many people still do not know about. CSR refers to practices that are self-regulating and include philanthropy and volunteer work. CSR includes lowering prices to make goods more affordable to consumers.

The answer is: CSR refers to practices that are self-regulating and include philanthropy and volunteer work.

While it is true that some critics argue that CSR can be seen as insincere or as a marketing ploy, which might damage the brand image if not done authentically, this statement is not universally true and does not capture the essence of CSR.

CSR is not an emerging area of study; it has been a well-established concept for several decades. Many businesses and academic institutions have been studying and implementing CSR practices for years.

This statement accurately describes CSR. Corporate Social Responsibility involves companies taking responsibility for their impact on society and the environment. This includes self-regulating practices such as ethical business operations, philanthropy, and volunteer work.

Lowering prices to make goods more affordable is generally considered a business strategy rather than a CSR activity. CSR focuses more on ethical practices, sustainability, and contributing positively to society and the environment.