If a business uses part of its profit to develop the area wh…

JAMB Commerce 2023 193 views
Source: JAMB · 2023

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its

  1. economic responsibilities
  2. marketing responsibilities
  3. social responsibilities ✓
  4. managerial responsibilities
Explanation

When a firm spends part of its profit on roads, schools or clinics near its site, it is serving the community. This is its social responsibility.

Economic responsibility is making profit and providing jobs.

Was this explanation helpful?

Something wrong or missing? Tell us — we read every report and fix issues fast.

pastQuestions.ng pastquestions.ng