Take Class 12 Tuition from the Best Tutors
Search in
1. Viability of Business: A business corporation exists only because it performs certain valuable services to the society. If a business firm wants to retain its existing role and social power, it must respond to the society’s needs constructively. They alone have earned goodwill, reputation, and support of the society as a whole.
2. Long run Self-interest: Keith Davis argues that the firm, which is more sensitive to the community’s needs will have a better community in which it will conduct its operations. It will get honest laborers, good customers, and prompt suppliers. It will create a better society and produce a better working environment. Consequently, the profit will be maximized. Thus, the assumption of social responsibility also has an element of long-run self-interest Keith tells this concept as the “Iron Law of Responsibility“.
3. Better Public Image: Social goals are now a top priority with the members of the public. Therefore, a firm, which wants to capture public image, should aid in accomplishing the social objectives
4. Avoidance of Government Regulation: Regulations are constraints to all business organizations. If the businessmen fail to accept their social responsibility, the Government has no other alternative other than to intervene and safeguard the interests of the society by exercising control over the business. By voluntarily assuming social responsibilities, the businessmen can prevent or at least minimize the Government intervention.
5. Businessmen have Resources: Businessmen command considerable power on the productive resources of the community. The power to command the national resources is delegated to them by the society with high expectations. Therefore, they should not use their power against the expectations and needs of the society. They should also honor social obligation while exercising the power.
6. Prevention is better than Cure: We have already stated that voluntary assumption of social responsibility shall at least minimize the need for Government intervention.
The intenet of this question is to judge the classification abilities of student. To start with we need to focus on primary naming convention & primary business (most of the time name is associated with business type). Having said this background the answers are as follows:
i) The company is in Advertising services business and works for promoting/ advertising its clients products distributing through courier as samples.
ii) The service that company is using to send out letters & Parcels is named as "Courier Service". Courier service will also help company to make a personal interaction with the consumers of samples and fast feedback receiving process.
read lessRelated Questions
Hello everyone, I can teach economics and business studies of 11th and 12th class
How can I start up a business with less money ?
Hi All, I have completed MBA F&M and SAP MM Consultant level training ,5 yrs working experince into SAP MM End user in MNC pune but there is n job for SAP MM Fresher and sap mm end user,
Please suggest to anther Non - SAP Course or what should i do next?
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRecommended Articles
Meet Raghunandan.G.H, a B. Tech Tutor from...
Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...
Meet Sandhya R, a B.Sc tutor from Bangalore
Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...
Meet Swati, a Hindi Tutor from Bangalore
Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...
Meet Radhe Shyam Burman, an MBA Tutor from...
Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...
Looking for Class 12 Tuition ?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near youThe best tutors for Class 12 Tuition Classes are on UrbanPro
The best Tutors for Class 12 Tuition Classes are on UrbanPro