Why society is important for business

  • What is business importance of society?

    Meeting Society's Needs: Goods and Services
    The role of business in society is to fulfill the needs and wants of consumers by producing a wide array of goods and services.
    They enhance the quality of life by providing essential items such as food, clothing, housing, healthcare, and entertainment.Aug 4, 2023.

They enhance the quality of life by providing essential items such as food, clothing, housing, healthcare, and entertainment.
Business cannot succeed in societies that fail Social well–being is vital. It supports and enables economic growth. Business is an active partner in social growth - improving the quality of life of the workforce and their families, local communities, and society at large.
Businesses are producing goods and offering services, but it is impossible to do it without the help of society. To operate successfully, a business needs various resources that are available in society. Human resource is the main resource on which the business is largely dependent.

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