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

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At the present time, people believe that some claim that businesses should
also
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have social
obligations
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.
While
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I agree that the main purpose of any
company
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is to generate profits, businesses should
also
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make social contributions within their influential area. On the one hand, it seems logical that the primary objective of companies engaged in a free market should be to achieve sound financial health. Every form of organization incurs expenditures. Office space, legal costs, payroll,
company
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credit cards and other institutional expenditures may rise rapidly.
According to
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the VN Business Magazine, the average cost to establish a micro-business is approximately 100 million,
whereas
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the estimated cost to initiate a home-based franchise is almost 200 million.
In addition
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to these one-time fees, utilities and other recurring expenses must
also
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be paid periodically. So if the startup is not sure about the financial flow and debt, the owner will be unable to operate. In these situations, the societal
obligations
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of a
company
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become obsolete.
On the other hand
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, societal
obligations
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play a crucial role in the growth of corporations. To illustrate
this
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point, to grow corporations they should provide more employability for the locals.
This
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will help them ensure their income to look after their family.
Hence
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, employees will dedicate themselves to contributing to the
company
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in order to reach the
company
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's missions.
For instance
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, Unilever, which is an international corporation, considers societal
obligations
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as a key role.
As a result
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, they completely level up their profits. In conclusion, I would emphasize that
while
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making profits is a top priority for businesses, social
obligations
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should
also
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be considered an important aspect.
Submitted by amusetour14 on

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  • such as
  • namely
  • to illustrate
  • take, for example

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