Do companies have a duty to society at large or is a business solely obligated to making a profit for their owners and shareholders?

Q: Why does behaving legally, ethically, and socially responsible make good business sense?

A: Behaving legally, ethically, and socially responsible isn't only a moral vital; it also makes…

Q: What role do experts play And authoritive  figures play in business and society

A: Experts:- A person who is an expert in an area is one who has acquired extensive knowledge, skill,…

Q: business provide to the society?

A: Corporate Social Responsibility is assessing and taking responsibility for the company's actions on…

Q: What role does the political environment play in shaping the business environment? How do government…

A: Political environment refers to the set of factors, institutions, and processes related to politics…

Q: which ethics follow in business?

A: Leadership is the act of leading a group of people or an organization. It helps in motivating people…

Q: What role do technological advancements play in shaping the business environment?

A: The term "business environment" refers to the entirety of individuals, groups, and other external…

Q: WHAT IS THE ROLE OF BUSINESS IN SOCIAL AND ECONOMIC DEVELOPMENT? WHAT IS FOUNDATION OF THE…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What are some common challenges companies face when developing and implementing business policies?

A: Businesses would need to make changes to survive in the competitive landscape. These changes come in…

Q: what is the difference between nepotism in the government sector and the private sector of business?

A: Below is the solution:-

Q: Why is it important to recruit qualified people for one's business enterprise?

A: Recruitment is an important element of human resource management. It is the process of finding…

Q: exists different types of market structures. When there prevails such situation in which everyone…

A: It is quite possible that in a particular market structure  sellers can sell the same amount of…

Q: What is the role of the political environment in shaping the business?

A: The political environment in a country refers to the government and other external factors that…

Q: Economist Milton Friedman said companies should focus on maximizing profits not social…

A: The business has the operational role for ensuring that products are produced and distributed to…

Q: In todays world it is not possible for a business to make profit unless it employs unethical…

A: Business ethics refers to the moral rules and practices that every organization has to follow. It is…

Q: Why should corporations be socially responsible?

A: Corporate social responsibility A company must look into its impact on the social and environmental…

Q: Why do demographic shifts and technological developments create both challenges and new opportunites…

A: As the populace ages, with relatively more seasoned individuals and less more youthful individuals,…

Q: Regardless of the extent to which utilitarianism functions commonly in business decision making,…

A: Utilitarianism is close to the engineering approach of progression.

Q: Please explain the three components of the external business environment: Technology, Market, and…

A: The external business environment encompasses the wider framework within which a business operates.…

Q: Explain the relationship among profit, business risk, and the satisfaction of customers’ needs.

A: Profit - It is the net amount the company is left with from the revenue after deducting all the cost…

Q: What does business provide to the government?

A: The business provides goods and services to the federal, state, or local agencies of government.…

Q: The term refers to a business's obligation to maximize its positive impact and minimize its negative…

A: Business organizations have an obligation toward society and the environment in which it operates.…

Q: What are the major economic factors that can affect the business environment, such as inflation,…

A: The term "business environment" refers to the outside forces and circumstances that have an impact…

Q: What one attitude toward business today do you find most prevalent

A: The attitude toward business that is most prevalent today is the belief that there is a limited…

Q: What is the contribution made by government organizations to meet the needs of the people or…

A: The government protects the rights of its citizens with violence and the threat of violence, with…

Q: Sports gambling and Fantasy sports operations, sports betting at casinos, as well as a recent…

A: INTRODUCTION: Sports betting and gambling refer to the act of wagering money on the outcome of…

Q: Discuss five main challenges affecting the success of any business enterprise today

A: The first challenge that businesses face today is the rapid pace of technological change. Technology…

Q: How development and progress in business greatly affect the programs and policies of an enterprise?

A: Business policies are important and affect the legal liabilities of employee satisfaction and…

Q: What is the relationship between the environment and the economy

A: Environment is the surroundings where a person lives. Environment gives the life in the earth. It…

Q: What would happen if a company does not fulfill its “contract” to society?

A: INTRODUCTION: A contract is said to have been broken when one of the parties fails to carry out…

Q: What is the role of the political environment in shaping the business?

A: The business political environment refers to the political or governmental actions that have an…

Q: How can the external Business environment impact or influence business ?

A: The external environment of a business is the factor that is external to an organization and has the…

Q: What are the components of utilitarianism in business? Name them and explain each

A: In business, utilitarianism plays an important role while building the ethical approach for the…

Q: What are four potential ways that business activity cancause harm?

A: A threat to a company's ability to achieve its financial goals is known as a business risk. Business…