Which of the following best describes corporate social responsibility?

Corporate social responsibility (CSR) is best described as ethical business practices for societal benefit. This concept emphasizes that businesses have a duty not only to their shareholders but also to the broader community, including employees, customers, and the environment. By engaging in CSR, companies actively seek to conduct their operations in a manner that is ethical and beneficial to society at large, which can enhance their reputation, foster loyalty among customers, and contribute to sustainable practices.

In contrast to the other options, which focus more narrowly on financial outcomes or operational efficiency, CSR encompasses a wider range of considerations that integrate ethical values into business decision-making. This alignment with societal interests can lead to long-term benefits for both the organization and the communities in which they operate.