Businesses have a responsibility to make a profit in order to serve society.
The statement is true.
The function of a business is to provide and distribute items and offerings to meet a public want or call for. in line with business information, everyday company social duty (CSR) is “a business exercise that includes collaborating in tasks that gain a society.”
Most agencies have long practiced some form of corporate social and environmental responsibility with the broad goal, genuinely, of contributing to the nicely-being of the groups and society they have an effect on and on which they depend.
Corporations do have a duty to society past maximizing income, which can pleasant be met via adopting the following four techniques: Innovation: develop new and improved services and products that maximize societal value and limit environmental affects.
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