1.3 Recommend ways in which businesses can deal with the following socio-economic issues:

- Poverty
- Unemployment

1.4 Suggest ways in which businesses can contribute time and effort in improving the well-being of employees.

(5 marks each)



Answer :

Final answer:

Businesses can address socio-economic issues and improve employee well-being through various strategies.


Explanation:

Businesses can address socio-economic issues such as poverty and unemployment by:

  • Implementing training programs to enhance employability
  • Offering job opportunities to marginalized communities
  • Supporting local small businesses to stimulate economic growth

Businesses can contribute to employee well-being by:

  • Providing health and wellness programs
  • Offering flexible work arrangements
  • Encouraging employee participation in community service activities

Learn more about Corporate Social Responsibility here:

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