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.

Sets of Economic Responsibilities Companies must embrace to ensure the business is protected and enhanced.

Explanation:

Only those business owners have to achieve upwards of looking for a good total income for advancement; being socially conscious is a piece of agility in the economic climate. Institutions must take a stand on social issues to create a brand that buyers trust and look to. Consider these five types of corporate social duty as a corporate executive, and how you can implement programs that are useful to the network and useful to your institution.

Food Security:- Number of food security or work ensuring the plan will set the foundation for a viable and successful society, but they can ensure that people's basic needs are tendered to. Given the close political agreement on the law on food security, the business should not adapt more to the will of the individuals, as the Parliament spoke to. Humanitarian Efforts:- The world's biggest companies are lined up with altruistic projects. Microsoft works closely with the Foundation Bill and Melinda Gates to bring innovation to networks around the world. Ecological Conservation:- Environmental issues usually stand out as genuinely newsworthy, regardless of whether a drawn-out problem such as global environmental change or an increasingly local issue such as a poisonous compound spill. Organization Diversity and Labor Practices:- Business leaders realize that when everyone is getting along and fitting in as a group, good diversity in the work environment is useful. Supporting Volunteer Efforts:- Residents need support regularly, for good reason. Shrewd company leaders recognize that it is often beneficial for the enterprise to communicate gainfully with the network. Offer representatives the opportunity to allow a nearby school to plant trees or work in the region with the city chamber on a tendency to vagrancy.