Question

every business has a responsibility to operate with in laws of land​

Answer 1

⠀⠀ ⠀ ⠀⠀ $\huge{\tt{\red{❥}\green{A}\purple{N}\pink{S}\blue{W}\orange{E}\red{R}}}$Differences between Social and Legal Responsibility. Legal responsibility is compulsory under any of the laws, acts and constitution. Social responsibility is not backed by legal provisions. Legal responsibility is compulsion while social responsibility is a choice.

Answer 2

Answer:

Legal responsibility: Every business has a responsibility to operate within the laws of the land. Since these laws are meant for the good of the society, a law abiding enterprise is a socially responsible enterprise as well.

Mani is a young newspaper reporter and has been writing for almost six months on malpractices by business enterprises including such issues as misleading advertisements, supply of adulterated products, poor working conditions, environmental pollution, bribing government officials, and so on. He has started believing that business people tend to do anything to mint money. He happens to take an interview of Mr. Raman Jhunjhunwala, chairman of a leading truck manufacturing company which is known for its fair dealing with customers, employees, investors as well as other social groups. Through this interview, Mani develops the understanding that it is possible for a business enterprise to be socially responsible and ethically upright and, at the same time, be highly profitable. He then gets busy with studying more about the social responsibility of business and business ethics.