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Distinguish Between the Following. Traditional Social Responsibility and Corporate Social Responsibility. - Organisation of Commerce and Management

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प्रश्न

Distinguish between the following.
Traditional social responsibility and corporate social responsibility.

फरक स्पष्ट करा
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उत्तर

Basis of
Difference
Traditional Social
Responsibility
Corporate Social
Responsibility
Meaning Traditionally, traders and emperors used to help the poor and underprivileged
with the profits they made.
In modern times, business units commit to behave
ethically and work towards the welfare of society.
Scope Operates at an individual or micro level Operates at the macro level, i.e., whole economy
Concept It has the philanthropic
concept.
It includes philanthropic,
ethical, legal and economic concepts.
Evolution It evolved in ancient India and the pre-Christian era. It evolved after the World War II.
Type It includes tangible goals; so, it is narrowly defined. It includes both tangible and intangible goals; so, it is broadly defined.
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पाठ 4: Social Responsibility of Business - Distinguish between the following [पृष्ठ १२२]

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मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
पाठ 4 Social Responsibility of Business
Distinguish between the following | Q 1 | पृष्ठ १२२

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1) After-sales service ____________
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4) _____________ Fair practices on the stock exchange

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Enumerate the points relating to why business units are Socially Responsible?


Legal responsibility is broader than the social responsibility of business.


Justify the following statement.

Social responsibility is necessary for the protection of the environment.


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