Gd about what is the social responsibility of the business houses
Answers
Answer:
Social responsibility of business
The social responsibility of business means various obligations or responsibilities or duties that a business-organization has towards the society within which it exists and operates from.
Generally, the social responsibility of business comprises of certain duties towards entities, which are depicted and listed below.
Explanation:
1. A business must give a proper dividend to its shareholders or investors.
2. It must provide fair wages and salaries with good working conditions.
3. It must provide a regular supply of good quality goods and/or services to its consumers/customers at reasonable prices.
4. It must abide by all government rules and regulations, supports its business-related policies and should pay fair taxes without keeping any delays or dues.
5. It must also contribute in betterment of a local community by doing generous activities like building schools, colleges, hospitals, etc.
6. It must take immense care to see that its activities neither directly nor indirectly create a havoc on the vitality of its surrounding environment.