Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter Social Responsibilities of Business and Business Ethics. This page offers a step-by-step solution to the specific question from Exercise 1: Extra Questions, Question 9: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
Explain the social responsibilities of a business towards various stakeholders.
Businesses have diverse responsibilities toward different stakeholders. For consumers, they must provide quality goods and services at reasonable prices, ensuring safety and satisfaction. Toward employees, businesses should ensure safe working conditions, fair wages, and opportunities for personal growth. Investors expect adequate returns on their investments and transparency in financial dealings. Society benefits from businesses contributing to community development, promoting education, healthcare, and environmental sustainability. Additionally, businesses must comply with government policies, pay taxes promptly, and support national development initiatives. Balancing these responsibilities helps businesses build trust and foster positive relationships with their stakeholders.
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Read MoreWelcome 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 9: Explain the social responsibilities of a business towards various stakeholders.....
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