Question

Social responsibility of business means social commitment of business towards different
groups'.- Elaborate.
(See Lesson-3)​

Answer 1

Answer:

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.

Answer 2

Answer:

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.

Explanation:

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