Social responsibility motivates a business to perform a useful function within society and to make its impact on society positive rather than negative.

Question

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Social responsibility is the concept that businesses have an obligation to act in ways that benefit society, beyond solely maximizing profits. This includes making efforts to reduce negative impacts on the environment and society, as well as contributing to the well-being of local communities and society as a whole. By prioritizing social responsibility, a business can enhance its reputation, attract and retain employees and customers who share its values, and contribute to long-term sustainability.

Social Responsibility Motivates a Business to Perform a Useful Function