Essay Title: Do you agree businesses have social responsibilities besides making money?
Keywords or Topics: business, profit
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Question: Do you agree businesses have social responsibilities besides making money?
Answer 1
Businesses have social responsibilities beyond merely making money because they are integral members of society with significant influence and impact on various stakeholders, including employees, customers, communities, and the environment. While profitability is essential for business success, businesses also have ethical, moral, and legal obligations to contribute positively to society.
At first, businesses rely on a wide range of stakeholders for their success, including employees, customers, suppliers, investors, and communities. As such, companies have a responsibility to consider and prioritize the welfare and interests of these stakeholders, ensuring fair treatment, safety, and well-being. By fostering positive relationships with stakeholders and addressing their needs and concerns, businesses can build trust, loyalty, and long-term sustainable success.
Moreover, businesses operate within a broader ethical framework that guides their behavior and decision-making. Ethical ...