What do you mean by social responsibility of business?
Wednesday, April 05, 2023
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Question: What do you mean by social responsibility of business?
Social responsibility of business refers to the ethical and voluntary actions taken by businesses to improve the social and environmental conditions in which they operate. This includes considerations beyond profit, such as the impact of business operations on employees, customers, communities, and the environment. Socially responsible businesses prioritize sustainable practices, fair labor standards, ethical sourcing, and philanthropic initiatives. By fulfilling their social responsibilities, businesses can enhance their reputation, build customer loyalty, and contribute to a better society.
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