question_answer

What are the major areas of social responsibility of business?

Answer:

Ans.     Major areas for social responsibility of business are given below:

(a) Shareholders or investors who contribute funds for business.

(b) Employees and others that make up its personnel.

(c) Consumers or customers who consume and/or use its outputs (products or services).

(d) Government and local administrative bodies that regulate its commercial activities in their jurisdictions.

(e) Members of a local community who are either directly or indirectly influenced by its activities in their area.

(f) Surrounding environment of a location from where it operates.

(g) The general public that makes up a big part of society.