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Social Responsibility

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Why are many profitable business corporations also socially responsible? What are the motives behind the social responsibility efforts?

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This solution is comprised of a detailed explanation to answer why are many profitable business corporations also socially responsible and what are the motives behind the social responsibility efforts.

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From the perspective of many profitable business corporations, the purpose of the business is to maximize profits. But that is not the purpose for other stakeholders-for customers, employees, suppliers, and the community. Each of those groups will define the purpose of the business in terms of its own needs and desires, and ...

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