Question

3. What factors bring about responsibility ?​

Answer 1

Answer:

Factors responsible for the realization of social responsibility are: 1. market forces 2. government intervention 3. emergence of professional managers 4.

Explanation:

mark me brainliest

Answer 2

Factors bring about responsibility:

Explanation:

• Employee morale can be improved by social responsibility programmes, which leads to increased productivity, which affects the company's profitability. Customer retention and loyalty can be improved by businesses who embrace social responsibility activities.

The following factors contribute to the realisation of social responsibility:

Market Forces:

• Market forces play a critical role in holding a businessperson accountable to social responsibilities. In a very competitive market, a consumer has a large range of goods from which to choose.

Government Intervention:

• The government plays a vital role in making a businessperson socially responsive. A lot of laws have been created to make it mandatory for business people to follow them. Wages and other benefits that a company should provide to its employees are set and revised by the government.

Professional Managers are Emerging:

• The owner-manager structure is giving way to professionals. There is a schism between management and ownership. A professional manager is in charge of management.