Being socially responsible requires businesses to have both societal and economic goals as well as the obligation to anticipate potential social problems and work actively toward preventing their occurrence.

Question

Quizplus · Accepted Answer

Social responsibility in business encompasses the dual focus on societal and economic goals, along with the proactive approach to identifying and mitigating potential social issues before they arise. This concept emphasizes the importance of businesses contributing positively to society while also achieving their financial objectives.

Being Socially Responsible Requires Businesses to Have Both Societal and Economic