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11th Class Business Studies Social Responsibilities Of Business And Business Ethics Question Bank Social Response of Business and Business Ethies (Short)

  • question_answer
    What are the core objectives of social responsibility of business?

    Answer:

    Ans.     The core objectives of social responsibility of business are as follows:
    1. It is a concept that implies a business must operate (function) with a firm mindset to protect and promote the interest and welfare of society.
    2. Profit (earned through any means) must not be its only highest objective else contributions made for betterment and progress of a society must also be given a prime importance.
    3. It must fulfill its social responsibilities honestly regarding the welfare of society in which it operates and whose resources and infrastructures it makes use for earning huge profits.
    4. It should never neglect (avoid) its responsibilities towards society in which it flourishes.


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