Business Studies, asked by asmitadey3918, 11 months ago

Which is more important social obligation or commercial progress?

Answers

Answered by Myotis
1

Both Social obligation and commercial progress are important for the survival of an organization but being a socially obliged entity in the society is more important to stand out and to be publicly acceptable.There is a saying that Capitalism is evolving and so is the society, one can not ignore the importance of society.

Commercial progress  is something which is needed for the survival of an organization without profit an organization can not sustain but in order to be a profitable organization it has to be socially responsible as being a socially obliged organization has a sure shot chance to build a great brand.

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