How does social responsibility by businesses affect the consumer community negatively
Business institutions, as citizens, have the responsibility to become involved in certain social problems that are outside their normal areas of operation
No, they broke the world economy
The best way to improve corporate responsibility is to hold organizations accountable for their actions. Consumers can do this by boycotting firms that don't act responsibly.
In plain English, it is simply how the organization give back to the community the benefits it gained from it. There is a long answer by the wikipedia and I provided you a link for your reference.
"The only social responsibility of a company is to deliver profit to its shareholders".
milton friedman
Milton Friedman
Maximizing Profits
chicken
demerits of social responsibility
Milton Friedman argues that the sole responsibility of corporations is to maximize profits for shareholders within the boundaries of the law. He believes that engaging in social responsibility activities diverts resources and ultimately harms society by undermining the competitive market system. Friedman also contends that individuals, not corporations, should take the lead in addressing social issues through personal philanthropy and volunteering.
help me to know the scope of social responsibility
scope of corporate social responsibility
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
It is a social responsibility