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Question

Write a word or phrase or a term which can substitute each one of the following.

The newest management strategy about social obligations of business.

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Solution

The newest management strategy about social obligations of business- Corporate social responsibility

Explanation:
According to this newest strategy, business houses should not only focus on profits but also aim towards the welfare of the people. Fulfilment of social obligations by a business house helps it to earn goodwill, which, in turn, benefits the business in getting a greater market share.

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