IELTS Writing Correction Service /
Writing Samples /
Band 7.5

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

#“as #money #businesses #responsibilities
At the present time, people believe that some claim that businesses should
also
 have social
obligations
.
While
 I agree that the main purpose of any
company
 is to generate profits, businesses should
also
 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
 credit cards and other institutional expenditures may rise rapidly.
According to
 the VN Business Magazine, the average cost to establish a micro-business is approximately 100 million,
whereas
 the estimated cost to initiate a home-based franchise is almost 200 million.
In addition
 to these one-time fees, utilities and other recurring expenses must
also
 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
 of a
company
 become obsolete.
On the other hand
, societal
obligations
 play a crucial role in the growth of corporations. To illustrate
this
 point, to grow corporations they should provide more employability for the locals.
This
 will help them ensure their income to look after their family.
Hence
, employees will dedicate themselves to contributing to the
company
 in order to reach the
company
's missions.
For instance
, Unilever, which is an international corporation, considers societal
obligations
 as a key role.
As a result
, they completely level up their profits. In conclusion, I would emphasize that
while
 making profits is a top priority for businesses, social
obligations
 should
also
 be considered an important aspect.
Submitted by amusetour14 on

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

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