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. What is social responsibility? Build up arguments for and against social responsibilities.

Posted by Jagvir Patel 3 years, 8 months ago

CBSE > Class 11 > Business Studies

1 answers

Kartikey Verma 3 years, 8 months ago

Arguments for social responsibility 1. Business is a part of society. 2. Long term self interest of business. 3. Moral justification. 4. Creating better public image. 5. Avoidance of government. regulations. 6. Maintenance of society. Arguments against social responsibility 1. Contrary to basic function of business. 2. Conflict with profit motive. 3. Distortion in resource allocation. 4. Imposition of business values. 5. Inefficiency in the system.

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