Which decision best represents social entrepreneurship?
Answer and explanation
Correct answer: Solving a social problem along with earning profit
Social entrepreneurship applies entrepreneurial methods to address a social or environmental problem while generating enough income to sustain the activity. Earning profit is not automatically inconsistent with social purpose when the business creates meaningful impact and remains responsible. Selling only an expensive product does not establish social benefit, while hiding complaints and denying training are poor ethical practices rather than social entrepreneurship.
Frequently asked questions
What is the correct answer to this question?
Solving a social problem along with earning profit
Why is this the correct answer?
Social entrepreneurship applies entrepreneurial methods to address a social or environmental problem while generating enough income to sustain the activity. Earning profit is not automatically inconsistent with social purpose when the business creates meaningful impact and remains responsible. Selling only an expensive product does not establish social benefit, while hiding complaints and denying training are poor ethical practices rather than social 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.
