Question

Role of corporate social responsibility in business ethics in brief

Answer 1

Answer:

Corporate responsibility and accountability spreads into areas of ethics, legalities, and regulations. It also has an impact on the economy and the environment. ... While every business wants to make a profit, such profits should be made by following basic rules of society, which include ethical and legal considerations.

Answer 2

Corporate Social Responsibility, or “CSR,” refers to the need for businesses to be good corporate citizens. ... CSR goes beyond earning money for shareholders. It's concerned with protecting the interests of all stakeholders, such as employees, customers, suppliers, and the communities in which businesses operate.