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madam [21]
3 years ago
6

Social responsibility is the conscious effort to operate in a manner that creates a win-win situation for _______.

Business
1 answer:
Lera25 [3.4K]3 years ago
6 0

Answer:

Social responsibility is the conscious effort to operate in a manner that creates a win-win situation for all b. <u>all stakeholders</u>.

Explanation:

Social responsibility of a business refers to it's responsibilities towards society at large which means contributing to social welfare like providing amenities such as drinking water and sanitation.

A Business operates under social bounds. So it owes a responsibility to the society.

Stakeholders of a business include:

  • Customers
  • Suppliers
  • Employees
  • Shareholders
  • Owners

So a business should discharge it's social responsibility by operating in such a manner which is conducive for each of those stakeholders who represent the society, which creates a win-win situation for those representatives of the society.

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