Give three points stating the need of social responsibilities.

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Solution

(i) Social responsibility is required to serve the interest of different other section of society, e.g. consumers, etc.

(ii) It gives the moral understanding to an entrepreneur about what is morally right or wrong.

(iii) It also helps in addressing ethical, legal, and commercial issues well.

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Give three points stating the need of social responsibilities.

(i) Social responsibility is required to serve the interest of different other section of society, e.g. consumers, etc. (ii) It gives the moral understanding to an entrepreneur about what is morally right or wrong. (iii) It also helps in addressing ethical, legal, and commercial issues well.

(i) Social responsibility is required to serve the interest of different other section of society, e.g. consumers, etc.

(ii) It gives the moral understanding to an entrepreneur about what is morally right or wrong.

(iii) It also helps in addressing ethical, legal, and commercial issues well.