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Question
Justify the following statement.
Expectations of society towards business are changing.
Justify
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Solution
- Society's expectations from business firms have undergone drastic change over time.
- Earlier, businesses were viewed just as provider of goods and services.
- Now, they act as a responsible citizen besides providing goods and services.
- Businesses are also expected to contribute towards social welfare.
- Hence, expectations of society towards business are changing.
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Responsibilities Towards Different Interest Groups - Responsibilities Towards Community/Society/Public in General
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