Question

do business concentrate on profit maximisation?or ,do they support social goals?explain any four reality of social responsiility

Answer 1

Answer:

Explanation:

Do businesses concentrate on profit maximisation. Yes, this statement is partially true. Talking about the management objective only profit maximization cannot ensure the survival of the organisation. Hence there is a need for social objectives as well.

Four reality of social responsibility is as under:

• Bribes
• Corruption
• Unfair trade practices
• Gambling