For some time now, GlaxoSmithKline (GSK) has been making anti-AIDS drugs available in hard-hit areas of Africa at up to 75% off the global price. By providing the drugs at a fraction of their usual costs, GSK is acting at which level of social responsibility?

Question

Social Studies

Stokes

15 June, 15:02

For some time now, GlaxoSmithKline (GSK) has been making anti-AIDS drugs available in hard-hit areas of Africa at up to 75% off the global price. By providing the drugs at a fraction of their usual costs, GSK is acting at which level of social responsibility?

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Answers (1)

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Fabian Oconnor · Answer 1

Discretionary

Explanation:

While the ultimate objective of any business is to make a profit, they also exist in a society, and thus, just like every other entity or individual that lives in said society, they have a social responsiblity towards others. There are several different types of social responsibilities that companies have, like economic, ethical and legal responsibilities, but another one is discretionary social responsibility. This term refers to the idea that companies should contribute towards society in some way or another in order to improve the quality of life of the community. This can be accomplished in several ways, either by donating money towards certain charities or social projects, or by providing some of their products at reduced prices to disadvantaged people. In our case, by providing cheap anti-AIDS drugs to certain African areas, GlaxoSmithKline (GSK) is acting with discretionary social responsibility.