A business should endeavor to be socially responsible in its actions and conduct under what set of circumstances? a. increased competitive advantage.
b. lowering the legal fees to handle reputation-damaging incidents
c. pursuing internal benefits such as improved efficiency and workforce retention
d. pursuing shareholder benefits based on high correlations between CSR and stock price and other measures of financial performance.

All of the above

Explanation:

A company should endeavour to be socially responsible if it will result in any of the listed circumstances as they are all benefits.

If this would increase the company's competitive advantage it should be embarked on as it would lead to the company having a better position in the market. It can also reduce the cost to the company of reputation damaging incidents.

A company having improved efficiency and workforce retention is a good company and if socially responsible actions will bring that, the company should do it. And with the purpose of a company being to maximise shareholder value, a company should definitely engage in socially responsible actions if there is a high correlation between CSR and stock price.

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