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Social responsibility of business and buisness ethics?
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Social responsibility of business and buisness ethics?
Social responsibility of business refers to the ethical and moral obligations that businesses have to society and the environment. This includes responsibilities to stakeholders such as employees, customers, suppliers, shareholders, and the wider community.
Business ethics refers to the principles and standards that guide the behavior of businesses and their decision-making processes. It involves considering the ethical implications of business actions and ensuring that the business is conducting itself in an ethical and responsible manner.
Some examples of social responsibility and business ethics include:
- Protecting the environment and promoting sustainable practices
- Treating employees fairly and ethically, including providing fair wages, benefits, and working conditions
- Providing products and services that are safe, high quality, and meet customer needs and expectations
- Being transparent and accountable in business practices, including being honest and open in communication with stakeholders
- Respecting the laws and regulations that govern business operations
- Giving back to the community and contributing to the well-being of society
Businesses that prioritize social responsibility and business ethics are more likely to be trusted and respected by stakeholders and the wider community, and they may also have a competitive advantage in the marketplace.
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Social responsibility of business and buisness ethics?
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Social responsibility of business and buisness ethics? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Social responsibility of business and buisness ethics? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Social responsibility of business and buisness ethics?.
Social responsibility of business and buisness ethics? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Social responsibility of business and buisness ethics? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Social responsibility of business and buisness ethics?.
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