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Social responsibility - created from Mind Map
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Defn: a business' obligation to take those decisions and perform those actions which are desirable in terms of objectives and values of society
FIRM HAS RESPONSIBILITY TOWARDS:
NEED
caters to firms' interests
Cater to interests of society
Goodwill of the firm
Justify firm's existence and growth
Converting problems to opportunities
Take over some issues in society
Education, environment etc.
shareholders
Workers
Consumers
Government
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- Grade 11 Business Studies Note on Social responsibility - created from Mind Map, created by Liny Thoma's on 02/04/2018.
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- Liny Thoma's · Apr 2018
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- Apr 2, 2018
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- Created by Liny Thoma's · Apr 2, 2018
- Copied to Note by Liny Thoma's · Apr 2, 2018
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