Question

Explain the responsibilities of a business unit towards community, public at a large.

Answer 1

The concept of social responsibility as used in management science is that businesses should maximise their profits subject to their working in a socially responsible manner to promote the interests of the society. Their business activities should not harm other groups such as consumers, workers, and public at large.

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Answer 2

The responsibilities of a business unit towards community i.e. public at a large can be explained as follows:

Explanation: Businesses are the social institutions i.e. dependent upon the society for various reasons. So, it becomes moral duty for any business to make a contribution towards the society or community or public at large by various means. This concept is known as Social Responsibility.

Business has various responsibilities towards different sections of the society and one such contribution towards community are as follows:

• Proper disposal of industrial waste.
• Contribution towards education and other related facilities.
• Promotion of small scale industries.
• Provision of rehabilitation facility.

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