Arguments for and against Social Responsibilities.
Answers
Answer:
Arguments for and against Social Responsibility of Business
Business is a part of society.
Long-term Self-interest of Business.
Moral Justification.
Creating Better Public Image.
Avoidance of Government Regulations.
Maintenance of Society.
Explanation:
HOPE IT HELPS.........
Answer:
Arguments for and against Social Responsibilities:-
Explanation:
There are several core ideas about social responsibility of business. Over the period of time, the things have changed too much giving new thoughts and replacing the classical economic view of profit maximization in the business. Based on this feature in the present context, arguments for social responsibility are as follows:
1. Business is a part of society
Business is a part of society. Society is a system and business is one of its subsystems. Every subsystem of a system functions for the betterment of the whole system and not for its own betterment only. This version applies to business too. Therefore, business is responsible for the society as a whole and profit motive of the business cannot have precedence over other motives of the society.
2. Long-term Self-interest of Business
Social responsibility is in the long-term self-interest of the business. Existence of any business is because of existence of various social organs like financiers, employees, customers, society as a whole, etc., and not otherwise. Therefore, business should provide satisfaction to all these organs on continuous basis for its continued existence. By discharging social responsibility, the business may provide this satisfaction