Business uses society resources

How can a business be socially responsible to customers?
Understand that a customer buys your products or services only when he/she trusts your brand and most importantly believes in you.
Understand the needs and requirements of your clients.
Find out as to why they need a particular product and how your product would benefit them..
How can business contribute to society?
Long-term Interest of Business
Businesses that ignore the requirements of consumers lose their clients and goodwill in the market.
Therefore, it is essential for businesses to keep their customers' interests in mind and satisfy them with a product or service accordingly..
What are examples of the role of business in society?
It provides many job opportunities to the people living in the society.
The business helps in generating income in the economy.
Businesses help in the supply of goods and services which the people demand to fulfill their needs.
Businesses provide some funds to society to help the people who are in need..
What are social responsibilities in business?
Social responsibility in business, also known as corporate social responsibility (CSR), pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues..
What is widespread exploitation of consumers?
Business plays a vital role in our lives.
First, they create goods and services to satisfy our needs and wants.
Then, they also recruit households as labor and provide them with compensation, such as wages, salaries, and benefits.
Thus, it becomes a source of their income, which can be used to sustain their life..
Why is consumer protection important for business?
(c) Widespread Exploitation of the Consumers: Unaware, ignorant consumers might be exploited by unscrupulous/ exploitative and unfair trade practices like defective goods, adulteration, false and misleading advertising etc..

(ii) Business uses Society's Resources Business organization users resources (iii) Social Responsibility A business has social responsibility towards various

(ii) Business uses Society's Resources Business organization users resources which belong to the society, thus they have a responsibility to supply such

Business use society's resources such as power, manpower, natural resource etc. Business have a responsibility towards society as a stakeholder in it's business

NBS resources can guide your organization in engaging with all these members of society. Here are some specific resources for different kinds of engagement.

Socially responsible companies improve their brand, attract and retain top talent, and improve customer and community relationships.

Global diversified metals and mining company

Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom.
It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries.
Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power.
It has also developed commercial power stations in India in Odisha and Punjab.

Business uses society resources

How can a business be socially responsible to customers?

How can business contribute to society?

What are examples of the role of business in society?

What are social responsibilities in business?

What is widespread exploitation of consumers?

Why is consumer protection important for business?