Business Studies, asked by ansu1630, 1 year ago

Explain the social responsibality of business towards difference intrest group

Answers

Answered by Soñador
1

Social Responsibility is the obligation of a businessman towards the society.

It means businessmen or business enterprise must take up decisions in favor of the society.

Social Responsibility of business towards different interest groups is :

⇒Responsibility towards consumers:

            (a) Following fare trade practices.

            (b)Providing good quality products.

⇒Responsibility towards employees :

            (a) Providing fare compensation.

            (b) Offering Eqality among all.

⇒Responsibility towards shareholders:

            (a) To repay the fare investment.

            (b) To ensure safety of their investment.

⇒Responsibility towards government :

            (a) To pay taxes on time.    

            (b) To obey all the rules and regulations.

⇒Responsibility towards community :

            (a) To help the weaker sections of the society.

            (b) To increase employment opportunities.

⇒Responsibility towards suppliers :

            (a) To adopt fair dealing practices.

            (b) To provide regular payments to them.

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