Answer:
Social responsibility is the conscious effort to operate in a manner that creates a win-win situation for all b. all stakeholders.
Step-by-step explanation:
Social responsibility of a business refers to it's responsibilities towards society at large which means contributing to social welfare like providing amenities such as drinking water and sanitation.
A Business operates under social bounds. So it owes a responsibility to the society.
Stakeholders of a business include:
- Customers
- Suppliers
- Employees
- Shareholders
- Owners
So a business should discharge it's social responsibility by operating in such a manner which is conducive for each of those stakeholders who represent the society, which creates a win-win situation for those representatives of the society.