Explain the Social Responsibility of Business Towards Different Interest Groups

It is in the long-term interest of the business to discharge its social obligations by serving different interest groups such as employees consumers government and citizens. The security of the job provides mental peace and employees can work with full dedication and concentration.

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The business has the following responsibility towards employees.

. SOCIAL RESPONSIBILITY TOWARDS DIFFERENT Interest Groups Business has Interaction with several interest groups such a shareholders workers consumers government and community. The concept of social responsibility as used in management science is that businesses should maximise their profits subject to their working in a socially responsible manner to promote the. Clasd 11 Business Studies By Sunil Adhikari Check Class 11 Commerce Best Books.

Major responsibility of business towards different sections of society are as. They are called as interest groups because by each and Livery activity of business the interest. Coordinating administrative activities with these agencies.

Bowen Social Responsibility of business refers to the obligation of business to pursue those policies to make those decisions or to follow those lines of action. Social Responsibilities for Different Interest Groups 1 Responsibility Towards the Shareholders Shareholders are the owners of the company. SOCIAL RESPONSIBILITY TOWARDS DIFFERENT INTEREST GROUPS Once the social objective of business is recognised it is important to know to whom and for what the.

I Responsibility towards the Shareholders or Owners. In progress 0 Business Studies 6 months 2021-07-23T1306300000 2021-07-23T1306300000 1 Answers 0 views 0. This will create employment opportunities and increases purchasing power among the rural people.

Social responsibility means the obligation of business to act in a manner which will serve the best interests of the society. Responsibility towards Different Interest Groups The business generally interacts with owners investors employees suppliers customers competitors government and society. Social responsibility of government towards different groups is explained below.

Responsibility towards Different Interest Groups The business generally interacts with owners investors employees suppliers customers competitors government and society. Responsibility towards Owners Owners are the persons who own the business. Protecting the environment and.

Explain the social responsibility of business towards different groups. The company should make all the efforts to. Social responsibility of business towards its shareholders or.

Social Responsibility towards Different Interest Groups i Responsibilities towards Consumers a Production of safe items by maintaining quality stand. A business is a socio-economic institution which is responsible to various interest groups. Explain the social responsibility towards different interest groups Get the answers you need now.

Social responsibility of business refers to its obligation to make those decisions and perform those actions which are desirable in terms. Responsibility of Business Towards Different Interest Groups 1. To pay a fair return on their capital.

Wwwpriyampriya1234 wwwpriyampriya1234 26122020 Business Studies. Social obligation of a business relates to the. Social responsibility towards different interest groups.

According to Howard R. The society requires that the business organization should be started in backward areas.

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