Question

One of the argument for the social responsibility states that “Social Responsibility helps in

converting problems into ____________​

Answer 1

Answer:

Arguments for social responsibility: Major arguments are: (i) justification for existence and growth, (ii) long-term interest and image of the firm, (iii) avoidance of government regulation, (iv) maintenance of orderly society, (v) availability of resources with business, (vi) converting problems into opportunity, (vii) better environment for doing business, and (viii) holding the business responsible for social problems

Explanation:

"Social Responsibility helps in converting problems into opportunity.

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