Social Responsibility in Business Definitions

Trade unions are growing fast and play an important role in the ______ environment. Workers expect management to provide fair wages, bonus etc. to avoid conflicts between trade unions and management. To avoid conflicts, ______ should understand responsibility and act accordingly. Growth of Consumer Movement: Development of education and mass media and increasing competition in the market have made the consumers conscious of their rights and powers in determining market forces. So, ______ enterprises have to follow consumer-oriented policies. Government Control: From the point of view of a ______, government regulations are undesirable because they limit freedom. Government has enacted various laws. This has put moral as well as legal pressure on ______. Long-term self-interest: A firm and its image stand to gain maximum profits in the long run when it has its highest goal as 'service to society' when an increasing number of members, of society- including workers, consumers, shareholders, and government officials, feel that ______ enterprise is not serving their interest, they will tend to withdraw their cooperation to the enterprise concerned so in their self-interest, a firm fulfills its social responsibility. Complexities of Social Problems: Some of the social problems have been created by ______ firms themselves such as pollution, unsafe workplaces, discrimination etc.

Trade unions are growing fast and play an important role in the ________ environment.

Workers expect management to provide fair wages, bonus etc. to avoid conflicts between trade unions and ________.

To avoid conflicts, ________ should understand responsibility and act accordingly.

Development of education and mass media and increasing competition in the market have made the consumers conscious of their rights and powers in determining market forces. So, business enterprises have to follow ________-oriented policies.

From the point of view of a business, government regulations are undesirable because they limit freedom. Government has enacted various laws. This has put moral as well as legal pressure on ________.

A firm and its image stand to gain maximum profits in the long run when it has its highest goal as 'service to society' when increasing number of members, of society- including workers, consumers, shareholders, and government officials, feel that business enterprise is not serving their interest, they will tend to withdraw their cooperation to the enterprise concerned so in their self-interest, a firm fulfills its social ________.

Some of the social problems have been created by ________ firms themselves such as pollution, unsafe workplaces, discrimination etc.