Question

2. Describe the following trends in business. Give an example of wha

productive business environment that supports each trend.
a. Social responsibility (1 point)

Answer 1

Social responsability is the attribute of a business that tries to benefit the whole of society instead of only pursuing profits.

Social responsability has been an important trend in recent decades, and many businesses have made it a part of their corporate policy.

This is both because of altruistic and business reasons. When a business engages in social responsability, it not only helps society in some way, but it also helps itself, by earning respect, name-recognition, and prestige, which often results in more customers, and higher profits later on.