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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Explain two views on the social responsibility of business.

Summary Introduction

To determine: The two views on social responsibility of business.

Introduction: Social responsibility alludes to the business morals idea of being responsible for affecting society and culture. Morals values play a significant part in the modern period of business. Most organizations have unique preparing, workshops, and even a different division to build up corporate guidelines and arrangements of morals and ethical quality.

Explanation

The two views on social responsibility of business are as follows:

  • Economic model: This model of social responsibility holds that the general public will be advantageous predominantly when business is allowe...

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