answersLogoWhite

0

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

11y ago

What else can I help you with?

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.


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.


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


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.


How could a strategists attitude toward social responsibility affect a firms strategy?

A strategist's attitude toward social responsibility can significantly shape a firm's strategic direction by influencing priorities and decision-making processes. If a strategist values social responsibility, the firm may adopt sustainable practices, enhance its brand reputation, and foster customer loyalty, which can lead to long-term profitability. Conversely, if social responsibility is viewed as a secondary concern, the firm might prioritize short-term gains, potentially risking reputational damage and stakeholder trust. Ultimately, a strategist's perspective on social responsibility can either align the firm with ethical practices or limit its competitive advantage in an increasingly socially conscious market.

Trending Questions
Can you get a body percings if im under age but an adult who is not your parent is with you? What is a simplified issue insurance policy? What refers to the spontaneous stopping of crime commission? What does Held for state in criminal case? What happens when a spouse refuses to sign the property settlement agreement after the property settlement hearing in Nevada? What happened because the constitution did not list the peoples' rights? Is it possible to get married at the ages of 16 or 17 in Georgia without your parents' permission? How do you register trademark in Azerbaijan? What is the probate law in South Carolina on joint bank accounts? How can I find the facts researching a case on Owens v Adams case How do you identify and distinguishing the facts about the case as well as identifying reporters to find the law? How do you find a license plate number if your car got towed? All archives are records but not all records are archives? Insurance company in the Philippines that declared bankruptcy? Are sugar daddies illegal? What amendment was Luke was found innocent of armed robbery but the state decided to bring him to trial again? Who holds the copyright for the lyrics to Faudel's La main dans lamain from the Samra album? What happens if a cosigner paid the rent instead of the tenant? How long can you live in your house once foreclosure has started in Memphis tn? How can you effectively reserve your rights in a legal dispute to ensure that you do not waive any of your entitlements or claims? What role does punishment play on classical thinking about crime and crime prevention?