When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

Assessment: JAMB UTME - Commerce - 2015 Subject: Commerce

Question 1 Report

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
Answer Details
The company is fulfilling part of its social responsibility. Corporate social responsibility (CSR) is the concept that businesses have a responsibility to consider the social and environmental impacts of their operations, in addition to their economic performance. Building a health center is an example of a social investment that can have a positive impact on the health and well-being of the local community. By investing in the community's health, the company is showing that it cares about the people who live and work in the area where it operates, and it is helping to create a more sustainable and healthy community.
Read lesson note on Business Environment And Social Responsibility (JAMB)
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