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Question:

Explain the need for social responsibility in businesses.

Answer:

Social responsibility is crucial for businesses to achieve long-term growth and sustainability. Ethical practices help businesses gain the trust and loyalty of consumers, which is vital in competitive markets. Compliance with government regulations ensures smooth operations, avoiding legal complications. Educated and socially aware customers prefer businesses that contribute positively to society, making ethical practices a competitive advantage. Additionally, employees are more motivated and productive in organizations that prioritize their welfare and uphold ethical standards. A business’s public image is enhanced through social responsibility, building goodwill and fostering relationships with the community.


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  • Answered by Ekta Mehta
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  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

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