2. Explain various social responsibilities that this business will have towards interest groups?
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business organisations generally interact with various interest groups such as the owners, investors, employees, suppliers, competitors, customers, government, and society.
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It is imperative to know to whom and for what the business and its management are responsible. A business unit has to decide in which areas it should carry out social goals. Some of the particular responsibilities and enterprises consist of: responsibility towards the shareholders or owners, responsibility towards the workers, responsibility towards the consumers and towards the Government and community.
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