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explain any four points of case against social responsibility

Posted by Shagun Kapoor 4 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 4 years, 1 month ago

Arguments against Social Responsibility:

Violation of Profit Maximization: As per this argument, business enterprises claim that our objective is profit maximization. Business can reduce its cost and raise profits and then only it can meet its social responsibility.
Lack of Social Skills: Business enterprises neither have skill nor experience to solve all types of social problems. Therefore, it should be handled by specialized agencies.
Burden on Consumers: Many of the social responsibilities cost a lot and its burden falls on consumers only.
Lack of Broad Public Support: Business cannot operate successfully because of lack of cooperation and confidence on behalf of public to business enterprises.

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