Question

Why is social responsibility important to a business?

Answer 1

For any business happening around any part of the world needs to follow song values towards society because gheir earning is possible only through them

so some of the social responsibility that the company should maintain it by

1.having some ethics and moral value-While doing the business in this cut-throat competition market where every country wants to be better than their rival

sometimes they adopt unethical way which is not a good thing in the long run beccause their whole business can go for a toss

Example is Volkswagen car scandal of emission.

Corporate social responsibility- CSR which is the very common and popular term nowadays

every company which is as we all know is earning from society has some duty to evert back to it.

This can be done through charity, welfare or some kind of other things

So in above cases we can see that how how it is very important for any company for sustainable in the long run must not forget role towards the society.

These are very important and must need to be followed by every company