Question
Download Solution PDFWhich of the following are part of Corporate Social Responsibility (CSR) to consumers?
a) Reasonable chances and the proper system for accomplishment and promotion
b) To supply goods at reasonable prices even when there is sellers market
c) Improving the efficiency of the business operation
d) To provide an opportunity for being heard and redress genuine grievances
Choose the correct answer from the options given below
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCorporate Social Responsibility (CSR):
- Corporate social responsibility (CSR) is a type of business self-regulation with the aim of being socially accountable.
- There is no one "right" way companies can practice CSR; many corporate CSR initiatives strive to positively contribute to the public, the economy or the environment.
- In today's socially conscious environment, employees and customers place a premium on working for and spending their money with businesses that prioritize CSR.
The responsibility towards consumers that Corporate Social Responsibility includes is as follows:
- To provide goods of standard quality
- To charge fair prices i.e., to supply goods at reasonable prices even when there is a seller's market
- To provide prompt and courteous after-sale services
- To handle consumer complaints and grievances quickly.
- To avoid unfair trade practices like adulteration, black marketing, and hoarding.
Reasonable chances and the proper system for accomplishment and promotion also improving the efficiency of the business operation are the management responsibilities.
Therefore, to supply goods at reasonable prices even when there is a seller's market and to provide an opportunity for being heard and redress genuine grievances are part of Corporate Social Responsibility (CSR) to consumers.
Last updated on Jul 7, 2025
-> The UGC NET Answer Key 2025 June was released on the official website ugcnet.nta.ac.in on 06th July 2025.
-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.
-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.
-> The exam is conducted bi-annually - in June and December cycles.
-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.
-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.