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Social Responsibility of Business — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMSocial Responsibility of Business1 Mark
Question
Give the meaning of social responsibility.
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Answer

The services and contribution that a business receives from the society right from its establishment to its expansion can be considered as society’s obligation to business. The responsibility of the business to perform such social duties which can return these obligations to the society is called social responsibility of the business.

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