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HomeHomework Helpbusiness-ethicsSocial Responsibility

Social Responsibility

The recognition of the impact of business activities on society and the environment, and the consideration of this impact in business decision making, including consumer rights, environmental legislation, and government regulations to promote ethical behavior and protect stakeholders

intermediate
3 hours
Business Ethics
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Overview

Social responsibility and consumer protection are crucial concepts in today's society. Social responsibility emphasizes the importance of individuals and organizations acting ethically and contributing positively to their communities. It encourages responsible behavior that benefits society as a who...

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Key Terms

Social Responsibility
The obligation of individuals and organizations to act for the benefit of society.

Example: A company donating to local charities.

Consumer Protection
Laws and regulations designed to protect buyers from unfair practices.

Example: Refund policies that protect consumers.

Ethical Consumption
Choosing products that are made ethically and sustainably.

Example: Buying fair trade coffee.

Corporate Social Responsibility (CSR)
Business practices that involve initiatives that benefit society.

Example: A company reducing its carbon footprint.

Sustainability
Meeting the needs of the present without compromising future generations.

Example: Using renewable energy sources.

Fair Trade
A trading partnership that seeks greater equity in international trade.

Example: Fair trade chocolate that supports farmers.

Related Topics

Business Ethics
The study of proper business policies and practices regarding potentially controversial issues.
intermediate
Sustainable Development
Development that meets the needs of the present without compromising future generations.
intermediate
Consumer Behavior
The study of how individuals make decisions to spend their available resources.
intermediate

Key Concepts

Ethical ConsumptionCorporate Social ResponsibilityConsumer RightsSustainable Practices