Question

If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business

Answer 1

Answer:

For companies progress the employer should go for long process in which they can embrace the customer with attractive and responsive policies.

Explanation:

Now, these days companies are coming in front with the issues and responsibilities focus on the rights of women, to protect the environment, to attempt the action to literate the poor people at the level of national, international, and global levels. The companies that want to attract people at a global level they share an attractive hoarding for a customer as well as the shareholders.

• To become responsible the company can use the image and be built the brand of the company.
• Social responsibility makes the employee responsible and encourages them to do something worthwhile for society.
• Social responsibility can empower the employee.
• To promote the social responsibilities that can boost the morale of employees.