Correct Option: C. Address themselves to issues relating to the society Explanation of Why Option C is Correct: Social responsibility of business refers to the idea that companies should not only focus on profit-making but also consider the impact of their operations on society and the environment. This concept emphasizes that businesses have a duty to contribute positively to the communities in which they operate.

1. Understanding Social Responsibility:
2. Social responsibility encompasses a wide range of activities that businesses can engage in to support societal goals. This includes ethical practices, environmental sustainability, community engagement, and addressing social issues such as poverty, education, and health.
3. By addressing societal issues, businesses can enhance their reputation, build customer loyalty, and create a positive work environment, which ultimately contributes to their long-term success.
4. Examples of Addressing Societal Issues:
5. Companies may engage in initiatives such as supporting local charities, implementing environmentally friendly practices, or providing educational programs for underprivileged communities.
6. For instance, a business might launch a campaign to reduce plastic waste, thereby addressing environmental concerns and promoting sustainability.
7. Long-term Benefits:
8. When businesses actively engage with societal issues, they not only fulfill their ethical obligations but also create a more stable and prosperous environment for their operations. This can lead to increased customer trust and loyalty, which are crucial for sustained profitability.

Why the Other Options are Wrong or Weaker:

• Option A: Hold annual social parties for the public:
• While hosting social events can be a part of community engagement, it is not a comprehensive approach to social responsibility. Simply holding parties does not address deeper societal issues or contribute to meaningful change. It may be seen as superficial and does not demonstrate a commitment to addressing the needs of the community.
• Option B: Draw their workers only from the immediate environment:
• This option suggests a limited approach to hiring practices. While employing local workers can support the local economy, it does not inherently address broader social issues. Businesses should focus on diversity and inclusion, which may involve hiring from a wider pool of talent to bring in different perspectives and skills.
• Option D: Set up social welfare centers in their areas of operation:
• Although establishing social welfare centers can be a positive contribution, it is not a requirement for all businesses. Not every company has the resources or capacity to set up such centers. Social responsibility can take many forms, and businesses can contribute in various ways that align with their capabilities and the specific needs of their communities.

Summary of Key Points:

• Social responsibility involves businesses addressing societal issues beyond profit-making.
• Engaging with community needs can enhance a company's reputation and long-term success.
• Superficial actions (like parties) or limited hiring practices do not fulfill the broader goals of social responsibility.
• Effective social responsibility can take many forms, including environmental initiatives, community support, and ethical business practices.