Question

In: Economics

What is ETHICS AND SOCIAL RESPONSIBILITIES in your opinion !!

What is ETHICS AND SOCIAL RESPONSIBILITIES in your opinion !!

Solutions

Expert Solution

1.Ethics in simple words can be described as a person's moral behavior towards society or itself for conducting any type of activity.

It tells us between right and wrong.

For a well-organized society, it is very important to be performed by every person.

  • For example, let's clear it with the famous company example called Tata India

Tata India is famous in producing cars and one of the famous models of that car was Indica V2 in the year 2002.

The company's sale was at a peak in the year 2002 of Indica V2 but suddenly a problem arises in the cars.

Tires of cars started automatic bursting which causes Serious fall in company selling.

now the company knows that the customer relationship and ethics towards them so the suddenly calls all the customer with the Indica V2 and replace all the tires for the free because they know the value of ethics in the marketing and business as well.

2.Social responsibility is the ethics of a human being to fulfill their duty towards society

As man is a social animal, it cannot ignore the social and its responsibilities.

Every person has to perform it well to have a better society with the best people.


Related Solutions

What are the differences in business between the 1970s and today? Social responsibilities and and ethics...
What are the differences in business between the 1970s and today? Social responsibilities and and ethics wise?
Code of Ethics reflecting what should be your professional responsibilities and ethical conduct as an Information...
Code of Ethics reflecting what should be your professional responsibilities and ethical conduct as an Information technology student.
what are an accountants Social Responsibilities and Diversity
what are an accountants Social Responsibilities and Diversity
Distinguish between ethics and social responsibilities as sources of guidance concerning the societal implications of pricing...
Distinguish between ethics and social responsibilities as sources of guidance concerning the societal implications of pricing decisions.
In 300 words, In your opinion, what do ethics have to do with leadership in the...
In 300 words, In your opinion, what do ethics have to do with leadership in the public sector? Are they inter-related and relevant to each other for organizational success? Why?
What are the qualifications of a medical assistant, their responsibilities and their code of ethics? What...
What are the qualifications of a medical assistant, their responsibilities and their code of ethics? What the purpose of medical records. Define the practice of pharmacy, their duties and responsibilities, and their expanding role. Define legal and ethical issues relating to administration of wrong medication as cited in our textbook.
In your opinion, what are the primary determinants of social class in the U. S.? Be...
In your opinion, what are the primary determinants of social class in the U. S.? Be specific and give examples. In your opinion, which demographic trend in the U.S. today demands the most attention from marketers?  Why should marketers study this trend?  Next briefly describe how this trend will impact the consumer market.  How should marketers respond?
What is your opinion on a wife keeping her name? Is it a social issue? Is...
What is your opinion on a wife keeping her name? Is it a social issue? Is it an issue in your country? Please write at least one (1) argumentative paragraph.( 8 to 10 sentences ). Wife Keep her Name by Norman Lobsenz
What is your opinion on corporate scandals and the role ethics plays? (1-2 page response) What...
What is your opinion on corporate scandals and the role ethics plays? (1-2 page response) What are the differences between a partnership and a corporation? (1-2 page response)
Nonprofit organizations (such as your college or university) have social responsibilities to their stakeholders. Identify your...
Nonprofit organizations (such as your college or university) have social responsibilities to their stakeholders. Identify your school’s stakeholders. For each category of stakeholder, indicate the ways in which your school is socially responsible to that group.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT