What are the major areas of social responsibility ?
Dear student,
The following are the major areas of social responsibility of business:
The following are the major areas of social responsibility of business:
- Responsibility towards shareholders in the form of safeguarding their investment and providing fair returns.
- Responsibility towards workers in the form of providing harmonious working environment and fair compensation.
- Responsibility towards the government in the form of respecting the laws and addressing social problems.
- Responsibility towards consumers in the form of providing quality products and charging a fair price.
- Responsibility towards suppliers in the form of making regular and correct payments.