Question

1. Explain the concept of social responsibility​

Answer 1

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... Put simply, being socially responsible is just good business practice, and a failure to do so can have a deleterious effect on the balance sheet.

there are three concepts of social responsibility: (1) profit responsibility, (2) stakeholder responsibility, and (3) societal responsibility.

Working for the community, such as volunteering, giving blood donations, and working at a food bank or animal shelter. Supporting issues that affect society, such as advocating political or social issues that can help others—for example, advocating for child labor laws, purchasing fair trade products, recycling.

Social responsibility and ethical practices are vital to your success

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Answer 2

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. ... Put simply, being socially responsible is just good business practice, and a failure to do so can have a deleterious effect on the balance sheet.
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