As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?

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Businesses have always sought to make a profit, but it is becoming increasingly common to hear people talk about the social obligations that companies have. I completely agree with the idea that business should do more for
society
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than simply make money. On the one hand, I accept that businesses must make money in order to survive in a competitive world. It seems logical that the priority of any
company
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should be to cover its running costs,
such
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as
employees
Suggestion
employees'
employee
wages and payments for buildings and utilities. On the top of these costs, companies
also
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need to invest in improvements and innovations if they wish to remain successful. If a
company
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is unable to pay its bills or meet the changing needs of customers, any concerns about social responsibilities become irrelevant.
In other words
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, a
company
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can only make a positive development
to
Suggestion
of
society
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if it is in good financial health.
On the other hand
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, companies
should not be run
Suggestion
should not run
with
sole aim
Suggestion
the sole aim
of maximising profit; they have a wider role to play in
society
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It is important to use synonyms in your writing, as you will lose marks if you repeat words from the question and use the same words in your essay over and over. If you do that, it will show the examiner that you have a limited vocabulary and you want to do the opposite for a high band score.

. One social obligation that owners and managers have
is
Suggestion
been
to that their employees well, rather than exploiting them.
For example
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, they could pay a “living wage” to ensure that workers gave a good quality of life. I
also
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like the idea that businesses could use
portion
Suggestion
portions
of their profits to support local charities, environmental projects or educational initiatives.
Finally
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,
instead
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of trying to minimise their tax payments by using accounting loopholes, I believe that
company
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bosses should be happy to contribute to
society
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through
tax system
Suggestion
the tax system
. In conclusion, I believe that companies should place as much importance on their social responsibilities.
Nonetheless
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, financial objectives cannot be denied too. Overall, it is anticipated that trend of social responsibilities is likely to incline in the upcoming future.

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Topic Vocabulary:
  • Social responsibilities
  • Corporate social responsibility
  • Ethical behavior
  • Societal impact
  • Stakeholders
  • Profit-driven
  • Public perception
  • Environmental sustainability
  • Community development
  • Human rights
  • Workplace safety
  • Altruism
  • Balanced approach
  • Accountability
  • Consumer loyalty
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