What are the roles of businesses in society?
Answers
Explanation:
There is a growing articulation of the need to understand the role of business in society.
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International context.
Role of business Main arguments
Do good (philanthropy, individual or corporate) Consumers respond positively to such companies
Create social value Win–win for business and society by creating greater value
Explanation:
The role of a business is to produce and distribute goods and services to satisfy a public need or demand. According to Business News Daily corporate social responsibility (CSR) is “a business practice that involves participating in initiatives that benefit a society.” However, corporate social responsibility is more than just a simple business practice. When you pursue a Master of Business Administration (MBA), you will learn how to differentiate the blurred lines of working for profit and working to help maintain the social order. Society does not exist without some form of an economy, and businesses are what make up the economic system of the world.