What is the main objective of a social enterprise?
Answer and explanation
Correct answer: Solve a social problem while earning sustainable income
A social enterprise is formed to address a social or environmental need through an organised and financially sustainable activity. It may earn revenue and even make a surplus, but income supports the continuing mission rather than being the only purpose. Private luxury, evading law, and misleading customers are not objectives of responsible social enterprise.
Frequently asked questions
What is the correct answer to this question?
Solve a social problem while earning sustainable income
Why is this the correct answer?
A social enterprise is formed to address a social or environmental need through an organised and financially sustainable activity. It may earn revenue and even make a surplus, but income supports the continuing mission rather than being the only purpose. Private luxury, evading law, and misleading customers are not objectives of responsible social enterprise.
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.
