Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Social Responsibilities of Business and Business Ethics

Question:

The public image of any firm would also be improved when it supports:

Options:

Social goals

Personal goals

Company goals

Employees goals

Correct Answer:

Social goals

Explanation:

The correct answer is option 1- Social goals.

A firm and its image stands to gain maximum profits in the long run when it has its highest goal as ‘service to society’. When increasing number of members of society — including workers, consumers, shareholders, government officials, feel that business enterprise is not serving its best interest, they will tend to withdraw their cooperation to the enterprise concerned. Therefore, it is in its own interest if a firm fulfills its social responsibility. The public image of any firm would also be improved when it supports social goals.