Analisa understands that even small businesses like her local catering business have certain responsibilities to society. She knows that she must abide by the laws that apply to her business and try to make a profit. What are the other obligations Analisa should know about?

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21-02-2020
Business

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Analisa understands that even small businesses like her local catering business have certain responsibilities to society. She knows that she must abide by the laws that apply to her business and try to make a profit. What are the other obligations Analisa should know about?

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mandhlelaz mandhlelaz · Answer 1 · 2020-02-22T11:09:40+01:00

Answer: Ethical and philanthropic responsibilities

Explanation:

Philanthropy is the corporate world refers to how businesses are expected to give back to society.

This means they need to provide non refundable goods and services , money and other acts which support humanitarian action

Philanthropy is all about voluntary giving , it is a practical responsibility of the company to its society. Analisa for example can contributes by hiring local people to help her in her own business.

Ethical responsibility refers to acting in a way that is socially acceptable , and not lying or deceiving people in order to get ahead with the business. One must pursue their means of making profit in an ethical way.