question archive Please provide any real business and statistic to show how compay is affected when they contribute too much to the community? ( Please give real numbers or real business that is actually losing money because of giving back

Please provide any real business and statistic to show how compay is affected when they contribute too much to the community? ( Please give real numbers or real business that is actually losing money because of giving back

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Please provide any real business and statistic to show how compay is affected when they contribute too much to the community? ( Please give real numbers or real business that is actually losing money because of giving back

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Giving back to the community affects a business positively. As a matter of fact, there is no business that has reported to be losing money because of giving back to the community because, in the first place, they give back to the community due to their high profits.

Step-by-step explanation

81% of businesses in 2019 have already given back to the community. These businesses believe that giving back to the community improves the morale of the employee and boosts professional and leadership skills which, in turn, helps the productivity of the entire organization. The greater the productivity, the greater the profitability of the company. With this information, it can be concluded that there is no business that losses money because of giving back. Businesses first assess their financial performance and capacity before donating money. It should be emphasized that the goal of businesses is to make money, thus, if in the first place, it incurs a loss, then there is no way that they could donate to any organization or community. If it happens that during auditing of a business, it incurs a loss due to donation, then there is probably an error in preparing the financial statements of the company at the end of the period because again, there is no way a company would donate money in a community if the management has no allotted money for the donation.