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It is not so. The company which feels the responsibility do all such activities which in turn gives them profit.
Few companies uses this to make profit like (Advertising,Marketing etc). Who cares all these you are being profited at both the ends.
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∙ 12y ago
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Social responsibility of a business management to society?
Businesses have a social responsibility to act ethically. When businesses act ethically, they are able to increase their profits because more customers will choose to purchase from them.
What are the arguments for and against increasing the social responsibility of business?
poop
What is the business social responsibility during transaction?
Refers to the enterprises to create profits for shareholders, legal responsibility at the same time, also undertake to employees,consumers, communities and the environment responsibility.Corporate social responsibility requires the enterprises to go beyond the traditional concept of the profit as the only goal,emphasis on human values in the production process of attention,emphasis on consumer, environmental, contribution to society.
The theory of business social responsibility that holds that a business owes duties solely to produce the highest return for its shareholders is?
It is called a "fiduciary" responsiblity.
What is Computer Professionals for Social Responsibility's motto?
Computer Professionals for Social Responsibility's motto is 'Technology is driving the future... it is up to us to do the steering'.
Social responsibility of business is to increase its profit elucidate this statement in the context of the economists?
The social responsibility of business is to increase its profit elucidate this statement in the context of the economist. Social responsibility should not be meant for profits but to the thank the loyal customers for buying certain goods.
Is profit maximization an appropriate for a business?
Profit maximization is the ONLY appropriate goal for a business. Even under a so-called "social responsibility" regime, a business only engages in such schemes because it thinks it can increase profits by doing so.
The business of business is business discuss?
claim that the sole social responsibility of business is to increase its profits.
When might a company be criticized for its lack of corporate social responsibility Answer apex after cutting wages and benefits in order to increase profit?
After cutting wages and benefits in order to increase profit
What is business social responsibility and corporate profit maximization?
"corporate social responsibility" is how businesses monitor themselves ethically. Businesses incorporate things such as sustainability into their CSR plan
Who said The one and only social responsibility of business is to increase profits?
Milton Friedman
When might a company be criticized for its lack of corporate social responsibility?
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Evaluate the following statements profit should be higher perority than social responsibility for business?
I think you mean priority...
Milton friedman social responsibility?
"The only social responsibility of a company is to deliver profit to its shareholders".
How can a business fulfill its social responsibility to its customers and still earn a profit?
while it earns its profits, it IS fulfilling its social res. IT is hiring, training, buying locally.
What best describes the goal of the firm?
To maximize profit by spreading business activities vis a vis adhering to corporate social responsibility.
Social responsibility of a business management to society?
Businesses have a social responsibility to act ethically. When businesses act ethically, they are able to increase their profits because more customers will choose to purchase from them.
