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Classify and explain the various types of social responsibilities that businesses have.

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The expert classifies and explains the various types of social responsibilities that businesses have.

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Businesses have a social responsibility to their stakeholders. This includes the communities in which they have manufacturing plants as well as the communities where their products are sold. For many companies, this means that they have a social responsibility nationally or even globally.

One type of social responsibility is the charity work that businesses perform. This can be in the form of donating funds to a worthy cause or giving employees the time to ...

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