What Is The Social Responsibility of Business?

 

Social Responsibility of Business :

 

Responsibilities towards Shareholders –

1. Fair returns
2. Accurate Information
3. Undertake R&D activities
4. Pay regular returns
5. Raise public image

 

Responsibilities towards Customers/Consumers –

1. Maximum possible satisfaction by providing quality goods.
2. Avoid artificial scarcity.
3. Supply goods & services at fair & reasonable prices to consumer.
4. To avoid exploitation of consumer through business malpractices.
5. Encourage free, open & healthy competition.
6. To maintain continuous supply of goods.

 

 

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