What is the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates?

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Corporate social responsibility (CSR) is the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates. It involves taking responsibility for the impact of the company's activities on the environment, consumers, employees, communities, and other stakeholders. Consumerism is more focused on protecting the rights and interests of consumers, while conventional morality and environmental consideration may be important aspects of CSR but do not fully encompass the concept.

What Is the Concern of Business for the Long-Range Welfare