Strong Ltd., a cement manufacturing company earned a profit of Rs.50 crores during the year 2015- 16.the management decided to donate 10% of their profit to an orphanage in their locality. i) Identify and explain the concept behind this decision. ii) Explain the kinds of the concept identified above.
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- it is called social responsibility .As social responsibility is very important for every firm because every firm use resources of society so they have to give back some things it can be in form of products or services or donation
- As they do it so that they will not pay taxes to government.
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