Businesses have four main objectives. Identify and explain these objectives. Why is social responsibility included among the objectives? Isn’t the main function of a business to make a profit?
What will be an ideal response?
All businesses have four major objectives: survival, growth, profit, and social responsibility. Every business operates within its environment that includes the community, the culture, and the country. Ignoring social responsibility issues will harm these elements of the environment, and, thus, eventually the business itself.
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