Business and society tutorial answer

  • What is the role of business in the society?

    The role of a business is to produce and distribute goods and services to satisfy a public need or demand.
    According to Business News Daily corporate social responsibility (CSR) is “a business practice that involves participating in initiatives that benefit a society.”.

  • There is a division of labor in modern democratic societies.
    The main way businesses serve society is by producing products and services people want at prices they can afford to pay.
    A good business exercises corporate social responsibility simply by delivering its core service.
Rating 5.0 (4) With the adaptation of this theory into management theory, it means that business firms are embedded in a broader social environment with which they constantly 

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