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What is the correct meaning of social responsibility in business?

Answer and explanation

Correct answer: Caring for society and the environment along with profit

Social responsibility means recognising that business decisions affect employees, consumers, communities, and the environment. A responsible business seeks economic viability while obeying laws, treating people fairly, protecting customers, and reducing harmful effects. Maximising profit alone, ignoring complaints, or avoiding the law does not express social responsibility.

Related tags

Social-ResponsibilityEthicsEnvironmentConcept Of Social ResponsibilitySocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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