Social Sciences, asked by gunjancspatil2533, 1 year ago

Why ethics and social responsibility are important for entrepreneurs article?

Answers

Answered by dhruvbhadana14
0

Ethics concern an individual's moral judgements about right and wrong. ... Ethical behaviour and corporate social responsibility can bring significant benefits to a business. For example, they may: Attract customers to the firm's products, which means boosting sales and profits.

Answered by champ22
0
Hey mate

Here is ur answer

An asset is something that is owed by business and that gives return to the business. Thus, if a business fulfills its social responsibility,then it becomes an asset for an enterprise. The following points proofs social responsibility as an asset of the business.
It provides long-term relation with the consumers
It provides long-term existence and growth to the business
It helps in reducing the government intervention in the business
It helps in creating a favourable environment for the business
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