If an entrepreneur looks only at profit and ignores customer safety, what is lacking?
Answer and explanation
Correct answer: Ethical entrepreneurship
Ethical entrepreneurship balances financial objectives with duties toward customers and other stakeholders. Ignoring safety can expose people to harm, violate trust, and create legal or reputational consequences. Calculation, colour choice, and decoration may affect business presentation, but they do not address the fundamental duty to protect customers.
Frequently asked questions
What is the correct answer to this question?
Ethical entrepreneurship
Why is this the correct answer?
Ethical entrepreneurship balances financial objectives with duties toward customers and other stakeholders. Ignoring safety can expose people to harm, violate trust, and create legal or reputational consequences. Calculation, colour choice, and decoration may affect business presentation, but they do not address the fundamental duty to protect customers.
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.
