Question

What are the major areas of social responsibility of business?

Answer 1

Major areas for social responsibility of business are given below:

• Shareholders or investors who contribute funds for business.
• Employees and others that make up its personnel.
• Consumers or customers who consume and/or use its outputs (products and/or services). 
• Government and local administrative bodies that regulate its commercial activities in their jurisdictions.
•  Members of a local community who are either directly or indirectly influenced by its activities in their area. 
• Surrounding environment of a location from where it operates. 
• The general public that makes up a big part of society.