Discuss any three reasons to go against the concept of social responsibility by the business
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Arguments against Social Responsibility
1)Contrary to Basic Function of Business.
2)Conflict with Profit Motive.
3)Distortion in Resource Allocation.
4)Imposition of Business Values.
5)Inefficiency in the System.
6)Operational Problems.
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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.
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