Home › Bihar Board Class 12 (Commerce) › Business Studies › Nature and Purpose of Business › The obligation of firms to contribute resources …
The obligation of firms to contribute resources to solve social problems is what?
ACost cutting plan
BMarket standing
CSocial responsibility
DProduct designing
Answer & Solution
Correct answer: C. Social responsibility
Social responsibility is the duty to help solve social problems and act in a socially desirable manner.
Related questions
Availability of raw materials and power supply mainly influences which decision?Which factor should an entrepreneur decide first when starting a business?An entrepreneur is described as a job-provider rather than what?The business unit resulting from entrepreneurship is called what?The process of setting up one's own business is called what?Dishonesty or carelessness of employees is which cause of business risk?Flood, earthquake and famine are what kind of cause of business risk?Which principle says higher risk can bring higher profit?