Asked by Thomas DeAngelis on May 28, 2024

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Social responsibility of business deals with the expectations that a community would impose on a firm doing business in their community.

Social Responsibility

The concept that businesses should operate in a manner that benefits society at large, considering the impact of their activities on the environment, consumers, employees, communities, and stakeholders.

Community Expectations

The shared beliefs and standards that a society or group holds about what is acceptable or desirable behavior.

  • Gain knowledge of the social responsibility of businesses towards the community.
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Manjari VemparalaMay 31, 2024
Final Answer :
True
Explanation :
Social responsibility of business refers to the obligations and duties a company has towards society beyond its economic and legal responsibilities, including ethical behavior and contributions to community welfare.