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Question
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
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Solution
The newest management strategy about social obligations of business- Corporate social responsibility
Explanation:
According to this newest strategy, business houses should not only focus on profits but also aim towards the welfare of the people. Fulfilment of social obligations by a business house helps it to earn goodwill, which, in turn, benefits the business in getting a greater market share.
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