Question

Explain the concept of corporate social responsibility.

21 Oct 2023
Answer :
Word Count : 322

Corporate Social Responsibility (CSR) refers to a business practice that involves initiatives aimed at assessing and taking responsibility for a company's effects on environmental and social well-being. It goes beyond mere compliance with laws and regulations, emphasizing the integration of social and environmental concerns into a company's business operations and interactions with its stakeholders. The concept implies that businesses have a broader role to play in the development of society beyond maximizing profits.

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