What does a socially responsible business do?
Answer and explanation
Correct answer: Considers social and environmental welfare while earning profit
A socially responsible business seeks economic viability while considering how its decisions affect customers, employees, communities, society, and the environment. It follows laws, behaves ethically, and tries to reduce avoidable harm. Profit is important for survival, but profit alone does not define social responsibility; misleading customers and ignoring rules are contrary to it. Hence A is correct.
Frequently asked questions
What is the correct answer to this question?
Considers social and environmental welfare while earning profit
Why is this the correct answer?
A socially responsible business seeks economic viability while considering how its decisions affect customers, employees, communities, society, and the environment. It follows laws, behaves ethically, and tries to reduce avoidable harm. Profit is important for survival, but profit alone does not define social responsibility; misleading customers and ignoring rules are contrary to it. Hence A is correct.
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.
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