Business Studies, asked by pariharanita567, 3 months ago

Business exists to serve customers continuously”. In this context, discuss

the need of social responsibility​

Answers

Answered by manishrawat70398
3

Answer:

Business is a creation of society and it exists to serve customers for a long time. Thus, a healthy relationship should always be there between the customers and businessman to avail the fruitful results of business.

Need of Social Responsibility

(i) It is required to serve the interest of other sections of society such as customers, employees, suppliers, community, etc.

(ii) It gives the moral understanding to an entrepreneur like what is right and what is wrong.

(iii) It also helps in addressing legal, ethical and commercial issues well.

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