GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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managing a business in such a way that the broader community including owners, and the environment are taken into account when making business decisions.
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managing a business in such a way that the broader community including the employees, competitors, customers and suppliers are taken into account when making business decisions
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managing a business in such a way that the broader community including the owners and employees are taken into consideration when making business decisions
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managing a business in such a way that the broader community, including employees, customers, suppliers and the environment, is taken into consideration when making business decisions
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Detailed explanation-1: -What is corporate social responsibility (CSR)? CSR includes bringing value to the community and generating a positive impact. Corporate Social Responsibility (CSR) is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions.
Detailed explanation-2: -Corporate social responsibility (CSR) is a broad business concept. It usually describes a company’s commitment to carry out their business in an ethical way. This means managing their business processes while taking account of their social, economic and environmental impact, and considering human rights.
Detailed explanation-3: -Answer and Explanation: The establishment of a CSR strategy is a collaboration of various stakeholders to ensure the creation of a shared value. CSR is not a compliance-based activity but rather a measure of what the company is voluntarily willing to do beyond mere compliance with the law.