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CIMA Strategic Management (E3) Practice Exam

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In Carroll's CSR Pyramid, which level focuses on the economic imperative to earn profits?
Correct Answer:
Economic
Explanation:
The economic responsibility is the foundation of Carroll's CSR Pyramid, focusing on earning profits and ensuring the business remains financially viable. This bottom level holds that profitability is essential for the company to survive, generate returns for shareholders, and provide resources that enable the firm to support its other social commitments. Profits aren’t just about money; they fund operations, growth, and the capacity to contribute to society over time. The other levels address different expectations: legal compliance with laws, ethical conduct beyond legal requirements, and philanthropic activities that go beyond what is required. So, the level that centers on making profits as a primary objective is the economic one.

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