Photo AI
Outline one social responsibility of a business to each of the following stakeholders - Leaving Cert Business - Question 11 - 2008
Question 11
Outline one social responsibility of a business to each of the following stakeholders. (i) Local Community: (ii) Suppliers:
Worked Solution & Example Answer:Outline one social responsibility of a business to each of the following stakeholders - Leaving Cert Business - Question 11 - 2008
Step 1
(i) Local Community:
Answer
One social responsibility of a business to the local community is to ensure that it minimizes its environmental impact. This can be achieved by adopting practices that prevent pollution, engaging in consultation with community members, and supporting local initiatives that promote sustainability.
Step 2
(ii) Suppliers:
Answer
A key social responsibility of a business towards its suppliers is to ensure timely payment for goods and services provided. This practice fosters a healthy relationship, prevents exploitation, and supports the financial stability of the supplier, contributing to a fair and ethical supply chain.