Asked by Stephine Browning on Apr 28, 2024
Verified
According to ________,the social responsibility of business is to increase its profits.
A) Henry Ford
B) Adam Smith
C) John Stuart Mill
D) Milton Freedman
Social Responsibility
Social responsibility is the commitment of a business to contribute to sustainable development, welfare of the community and society at large, beyond its profit objectives.
Increase Profits
A strategy or objective focused on enhancing the net financial gain a company receives from its operations.
- Recognize the social responsibility of businesses to increase profits and contribute to social good.
Verified Answer
Learning Objectives
- Recognize the social responsibility of businesses to increase profits and contribute to social good.
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