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

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The social

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relation is

also

critical in

businesses

apart from making revenue. I completely agree with

this

opinion due to the fact that networking and maintaining relationship with

customers

is vital to the continued success of any

business

. Establishing any

business

requires capital, and irrespective of the starting amount, many

business

owners want to make returns.

Therefore

, creating a network of

customers

is crucial.

That is

, an investor needs to market his

business

to potential

customers

who will either patronise the

business

for direct consumption or those who will retail to final consumers.

For example

, many farmers in Australia either sell directly to consumers or supply their farm products to store outlets for onward selling to final consumers.

This

is a prove of social responsibilities in

business

. Apart from networking, another factor in

business

is maintaining strong relationships with

customers

.

This

factor is crucial in achieving a sustainable

business

. The primary reason for

this

is that, there are competitions in

businesses

,

therefore

, those investors who can continue to satisfy the aspirations of their

customers

will likely survive in the competitive market.

Otherwise

, the

business

may collapse in the short term if many

customers

are lost. The sudden growth of Facebook,

for instance

, has been due to

customers

' satisfactory feedback. Despite the popular social media being established late after the likes of Yahoo and many others, Facebook has been a platform to reckon with among its counterparts, with millions of users.

This

is another proof of social responsibility in

businesses

. In conclusion, accruing revenue is not the only interest in

businesses

. Social responsibilities like networking and maintaining relationships with

customers

are

also

important if any

business

will survive for a very long period of time. These are crucial factors that any

business

owner needs to understand.