ApplicationofSocialResponsibilityAcrossDifferentFormsofBusinessQuestion:-Whatformsofbusinesscantheconceptofsocialresponsibilityareapplied?PleasedescribeAnswer:-Socialresponsibilitymeanstheobligationofbusinesstoactinamannerwhichwillsthebestinterestsofthesociety.Socialobligationofabusinessrelatestothevoluntaryeffortsonthepartofbusinessmentocontributetothesocialwellbeing.Socialresponsibilityisbroaderthanlegalresponsibilityofbusiness.Legalresponsibilitymaybefulfilledbymerecompliancewiththelaw.Socialresponsibilityismorethanthat.Itisfirm’srecognitionofsocialobligationseventhoughnotcoveredbylaw,alongwiththeobligationslaiddownbylaw.1.Businessisacreationofsocietyanditusessociety’sresources.Sobusinessis—StudyXYApplication of Social Responsibility Across Different Forms of Business
Examines how businesses apply social responsibility principles across different organizational structures.
Michael Davis
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12 months ago
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Subject
Business Management