Which thinking is shown by fulfilling social responsibility along with earning profit?
Answer and explanation
Correct answer: Responsible and sustainable entrepreneurship
A business that seeks profit while considering customers, employees, society, and the environment follows responsible entrepreneurship. Such conduct can build trust and support long-term sustainability. Short-term profit alone, opposing customers, or avoiding laws does not represent social responsibility or ethical business behaviour.
Frequently asked questions
What is the correct answer to this question?
Responsible and sustainable entrepreneurship
Why is this the correct answer?
A business that seeks profit while considering customers, employees, society, and the environment follows responsible entrepreneurship. Such conduct can build trust and support long-term sustainability. Short-term profit alone, opposing customers, or avoiding laws does not represent social responsibility or ethical business behaviour.
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.
