Question

Mr. Rajiv is the owner of readymade garment factory. His main motive is maximising the profit. For this is charging high price from customer and supply low products low quality products . He is not providing good working conditions to workers and pay them minimum wages. Even he did not bother about the pollution caused by his factory . As a result his employer started leaving the job and joining the competitor . The government puts a heavy penalty on him for causing pollution and even number of customer also decrease. he was very upset and could not understand his problem.

(a) According to you what is lacking by Mr. Rajiv ?
(b) In the above para, towards whom he did not meet social responsibility ?
(c) Explain social responsibility of business towards different groups .

Answer 1

Mr. Rajiv is lacking social responsibility in his business practices. He did not meet social responsibility towards workers and the environment. Social responsibility of business includes responsibilities towards customers, workers, environment, and the community.

Step-by-step explanation:

Mr. Rajiv is lacking social responsibility in his business practices. He is primarily focused on maximizing profit without considering the negative impacts on various stakeholders such as customers, workers, and the environment.

In the given paragraph, Mr. Rajiv did not meet social responsibility towardsworkers, as he is not providing good working conditions and paying them minimum wages. He is also not meeting social responsibility towards the environment by not bothering about the pollution caused by his factory.

Social responsibility of business towards different groups includes:

• Customers: Businesses should provide high-quality products, fair pricing, and good customer service.
• Workers: Businesses should provide safe and healthy working conditions, fair wages, and opportunities for growth and development.
• Environment: Businesses should minimize their negative impact on the environment by adopting sustainable practices, reducing pollution, and conserving resources.
• Community: Businesses should contribute positively to the community by supporting local causes, creating job opportunities, and paying taxes.