Business Studies, asked by ssukhman6513, 1 year ago

Why should business be responsible to the society? Give any three reasons.

Answers

Answered by alinakincsem
36

Answer:

Businesses should be responsible to the society because of the following reasons,

1-Corporate Social Responsibility is duty of every business.

2- This creates goodwill

3- This can help increase market share

Explanation:

1-Corporate Social Responsibility:

This is a business model which states how a business can take actions which make them socially responsible. By being socially responsible to all the stakeholders. This is one of the duties of the business because they are accountable to their stakeholders.

2-  Goodwill

This creates goodwill for the business.By being responsible to the society the businesses create good will in the market. People start developing a new liking for the business.

3- market share

This can help increase  the market share of the company. The businesses can easily cash this approach of being a business who takes care of its customers liking. Example: We are more environmental friendly.

Answered by champameena59
3

Answer:

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