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State any four areas of social responsibility.

State any four areas of social responsibility.

Solution

Social responsibility means the obligation of a business toward the different stakeholders connected to it. Four of its areas are:

  1. Toward shareholders and customers: Paying fair returns and sharing information with investors, and providing quality products at fair prices to customers.
  2. Toward employees: Providing job security, fair wages, welfare facilities, and a good working environment.
  3. Toward government: Following the law, paying taxes, and avoiding unfair trade practices.
  4. Toward community: Creating employment, protecting the environment, and preserving social and cultural values.

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