A costly philanthropic project initiated by a corporation, such as con

QUESTION

A costly philanthropic project initiated by a corporation, such as converting an existing parking lot into a park with playground equipment, can produce revenue for the corporation. Discuss why this statement is true or false.

What will be an ideal response?

ANSWER

This is true because the positive public image engendered by the development of the park which could encourage the public to purchase products or services from the corporation, the possible publicity for the project in the local media and the possibility of qualifying for tax breaks from the government are all sources of possible increased revenue for the corporation.