Question

Write four reasons against the social responsibilities of business.

Answer 1

These are responsibilities that society has towards everyone they are not the responsibilities of individuals but ones we share as a society.

1. Reason: Violation of profit maximization as per this argument business enterprises claim that our objective is profit maximization business can reduce its cost and raise profit and them only it can meet its social responsibility.
2. Lack of social skills: Business enterprises neither have still nor experience to solve 1 all types of social problems. Therefore it j should be handled by specialized agencies.
3. The burden on consumers: Many of the social responsibilities cost a lot its burden falls on consumers only.
4. Lack of broad public support: Businesses cannot operate successfully because of a lack of co-operation and confidence from the public to business enterprises.