How can an entrepreneur contribute to society?
Answer and explanation
Correct answer: By giving employment and useful services
An entrepreneur can contribute by creating employment, producing useful goods or services, paying lawful dues, and addressing community needs. These activities can improve livelihoods and economic activity when carried out responsibly. Stopping work, cheating customers, or destroying resources harms society and conflicts with responsible entrepreneurship.
Frequently asked questions
What is the correct answer to this question?
By giving employment and useful services
Why is this the correct answer?
An entrepreneur can contribute by creating employment, producing useful goods or services, paying lawful dues, and addressing community needs. These activities can improve livelihoods and economic activity when carried out responsibly. Stopping work, cheating customers, or destroying resources harms society and conflicts with responsible entrepreneurship.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Concept of social responsibility.
