answersLogoWhite

0


Best Answer

A firm doesn't have "one and only responsibility". One responsibility is (usually) to make money; many firms are created for that purpose. But a firm also has a responsibility to society in general. A firm should do no harm, and the product or service it offers should actually be useful to society. The fact that sopme firms don't do this doesn't disprove the claim that they actually do have this responsibility, just as the fact that some fail to make a profit doesn't disprove that making money is one of the company's purposes.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the one and only responsibility of a firm?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The responsibility of a mom?

keep you kids happy but be firm with your answers but not too firm


What is an indigenous firm?

An indigenous firm is a company that only produces and sells in one country


Is a partner an agent of his firm?

Yes, always. Responsibility varies drastically by size of said firm but they will always be active agents of the firm, in a case or in the press


Why is it good to have a good relationship between a customer and firm?

So that the firm can give you sale.Like,if you buy one the other one is free only to you!


When it comes to social responsibility some people feel that before you can do good you must do well This reflects a firm's primary responsibility to their?

Investors


What are the responsibilites of a co-signer?

They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.See related question link.They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.See related question link.They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.See related question link.They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.See related question link.


Arguments for social responsibility?

Assists the firm in achieving an enhanced reputation and market share


Corporate social responsibility describes the firm's?

concern for the welfare of society


Name one responsibility that is only for us citizens?

One responsibility that is only for US citizens is holding the office of the President of the United States. A person must be born in the US to be president. Voting is another thing that only citizens can do.


What was the god of wisdom's responsibility as a god?

their is only one god Jesus


Is Relic Entertainment a dominant firm in the UK?

Yes, it is the only entertainment firm in the whole world, and everyone has heard of it, therefore it is not only a dominant firm in the UK, it is THE dominant firm in the UK. The only thing that could dominate this firm is Chuck Norris, and he does not live in the UK.


Who said The one and only social responsibility of business is to increase profits?

Milton Friedman