In a general sense,social responsibility is management's acceptance of the obligation to consider profit,consumer satisfaction,and societal well-being of equal value in evaluating the company's performance.

Question

Quizplus · Accepted Answer

Social responsibility is the concept that businesses have a responsibility to consider the impact of their decisions on society and the environment in addition to their financial performance and consumer satisfaction. This means that they should strive for a balance between profits, consumer satisfaction, and social well-being, and embrace a broader definition of success beyond just maximizing profits.

In a General Sense,social Responsibility Is Management's Acceptance of the Obligation