Question

Write an essay of social responsibility of business.​

Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

Meaning of social responsibility:

social responsibility refers to the obligation to pursue those policies to make those decisions or to follow those lines of action which are desirable in terms of objectives and values of our society

Definition of social responsibility

"social responsibility required managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength and harmony"

_ Peter F.Drucker

Kinds of society responsibility:

• Economic responsibility
• Legal responsibility
• Ethical responsibility
• Discretionary responsibility

Social responsibility towards different interest group:

1. Business
2. Investor
3. Employee
4. Government
5. Competitor
6. Society
7. Customers
8. Supplies