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.


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