Question

Long answer type question.
Explain the responsibilities of a business unit towards the community and public at large.

Answer 1

Responsibilities of business units towards the public in general:
i. Generate employment opportunities- Business units should provide employment opportunities to young, well-educated people in the society. This will increase the overall development and growth of the people.
ii. Protect environment- It is the responsibility of business units to ensure pollution-free environment. Business units contribute to various types of pollution, including air, water and noise. So, they should take proper measures to ensure environment protection.
iii. Indulge in social activities- Business units have the capability to improve the standard of living of people by constructing public gardens and public libraries and running charitable hospital and schools. Such social activities increase social welfare.
iv. Locate industries in safe areas- Industries should be located in industrial and non-residential zones. This minimises the adverse effects of industries on residential areas and avoids congestion in cities.
v. Development of weaker sections- Business units should provide help to the weaker sections of the society. Business units can provide financial and medical facilities to these sections.