What is meant by Social Responsibility i | Class 11 Business Studies Chapter Social Responsibilities of Business and Business Ethics, Social Responsibilities of Business and Business Ethics NCERT Solutions

Question:

What is meant by Social Responsibility in Business?

Answer:

Social responsibility in business refers to the ethical framework where businesses are expected to contribute positively to society while achieving their primary goal of profit generation. This concept emphasizes that businesses should operate in ways that enhance societal well-being, including addressing environmental concerns, ensuring ethical labor practices, and participating in community development initiatives.

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Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

Read the question carefully and focus on the core concept being asked.
Reference examples and data from the chapter when answering questions about Social Responsibilities of Business and Business Ethics.
Review previous year question papers to get an idea of how such questions may be framed in exams.
Practice answering questions within the time limit to improve your speed and accuracy.
Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 1: What is meant by Social Responsibility in Business?....

What is meant by Social Responsibility i | Class 11 Business Studies Chapter Social Responsibilities of Business and Business Ethics, Social Responsibilities of Business and Business Ethics NCERT Solutions

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