Commerce Exam > Commerce Videos > Business Studies (BST) Class 11 > Overview of Social Responsibility
Overview of Social Responsibility Video Lecture | Business Studies (BST) Class 11 - Commerce
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37 videos|142 docs|38 tests
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FAQs on Overview of Social Responsibility Video Lecture - Business Studies (BST) Class 11 - Commerce
| 1. What is social responsibility in commerce? |  |
Ans. Social responsibility in commerce refers to the ethical and moral obligations that businesses have towards society and the environment. It involves businesses taking actions that benefit society, such as being environmentally sustainable, treating employees fairly, and supporting community initiatives.
| 2. How can businesses practice social responsibility in commerce? | |
Ans. Businesses can practice social responsibility in commerce by implementing various strategies. This may include reducing their carbon footprint, promoting diversity and inclusion within the workplace, supporting local communities through philanthropy and volunteering, and ensuring fair labor practices throughout their supply chains.
| 3. Why is social responsibility important in commerce? | |
Ans. Social responsibility is important in commerce as it helps businesses build a positive reputation, gain customer loyalty, and attract and retain talented employees. It also contributes to the overall well-being of society and the environment, creating a more sustainable and equitable future.
| 4. Are there any legal requirements for social responsibility in commerce? | |
Ans. While there may not be specific legal requirements for social responsibility in commerce, many countries have regulations in place that encourage or mandate certain responsible practices. For example, labor laws may dictate fair wages and working conditions, and environmental regulations may require businesses to minimize their impact on the environment.
| 5. How can consumers support social responsibility in commerce? | |
Ans. Consumers can support social responsibility in commerce by making conscious purchasing decisions. This can involve choosing products and services from companies that prioritize social and environmental responsibility, supporting local businesses, and actively engaging with brands to advocate for responsible practices. Additionally, consumers can educate themselves about the issues and support organizations that promote social responsibility.
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Dec 23, 2024 Last updated |
Video Description: Overview of Social Responsibility for Commerce 2024 is part of Business Studies (BST) Class 11 preparation.
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Video Lecture & Questions for Overview of Social Responsibility Video Lecture | Business Studies (BST) Class 11 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Business Studies (BST) Class 11.
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