“There is a strong case for the assumption of Social responsibilities by business.”
Do you agree? Give any four arguments in support of your answer.
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“If you are in the luckiest of 1% of humanity, you owe it to the rest of humanity to think about the other 99%,” said Warren Buffett. Mr. Buffett understood that the purpose of any business is not only to make a profit but also to be responsible for its actions and decisions. Social responsibility is the duty of businesses towards society. Businessmen must review their impact of decisions and actions on the different sections of society.
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