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'Like an individual business enterprise should …

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'Like an individual business enterprise should also be loyal citizen of the state '.Discuss in about 50-60words.

Posted by Avi Udasi 8 years, 2 months ago

CBSE > Class 11 > Business Studies

1 answers

Naveen Sharma 8 years, 2 months ago

Yes, we agree with the statement that like an individual, business enterprise should also be a loyal citizen of the state, because the businessman is also a part of society. He makes use of resources of society. Assuming social responsibilities is helpful for the businessman himself because of following reasons :

Social responsibility creates better environment for the business operation.
By assuming social responsibility a business can improve its image.
Social responsibilities are essential for avoiding governmental action against business.
Assumption of social responsible by business provides justifications for its existence and growth.

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