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

As well as making money, businesses also have social responsibilities. Yjrd

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 businesses should do more for society 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 should be to cover its running costs, such as employees’ wages and payments for buildings and utilities. On top of these costs, companies also need to invest in improvements and innovations if they wish to remain successful. If a company is unable to pay its bills or meet the changing needs of customers, any concerns about social responsibilities become irrelevant. In other words, a company can only make a positive contribution to society if it is in good financial health. On the other hand, companies should not be run with the sole aim of maximizing profit; they have a wider role to play in society. One social obligation that owners and managers have is to treat their employees well, rather than exploiting them. For example, they could pay a “living wage” to ensure that workers have a good quality of life. I also like the idea that businesses could use a proportion of their profits to support local charities, environmental projects or education initiatives. Finally, instead of trying to minimize their tax payments by using accounting loopholes, I believe that company bosses should be happy to contribute to society through the tax system. In conclusion, I believe that companies should place as much importance on their social responsibilities as they do on their financial objectives.

Businesses have always sought to You use this word too often, consider replacing it withmanufacturecomposeprepareformproducecause
make
 a profit, This phrase/word is too simple and can be replaced with:on the contrary
but
 it is becoming increasingly
 common to

This sentence does not start with an uppercase letterHear
hear
This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 talk about the social obligations that You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
companies
 have. I completely This phrase/word (depending on the context) can be potentially replaced with :acquiesce
agree
 with Please add a punctuation mark at the end of paragraphthe.the!the?the:the,the;
the


This sentence does not start with an uppercase letterIdea
idea
 that businesses should do more for society than simply
You use this word too often, consider replacing it withmanufacturecomposeprepareformproducecause
make
 money.

On the one hand, I accept that businesses This phrase/word (depending on the context) can be potentially replaced with :require
must
You use this word too often, consider replacing it withmanufacturecomposeprepareformproducecause
make
 money in order to survive in a

This sentence does not start with an uppercase letterCompetitive
competitive
 world. It seems logical that the priority of any You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
company
 should be to cover Please add a punctuation mark at the end of paragraphits.its!its?its:its,its;
its


This sentence does not start with an uppercase letterRunning
running
 costs, such as employees’ wages and payments for buildings and utilities. On top Please add a punctuation mark at the end of paragraphof.of!of?of:of,of;
of


these costs, You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
companies
also
 need to invest in improvements and innovations if they wish to

This sentence does not start with an uppercase letterRemain
remain
 successful. If a You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
company
 is unable to pay its bills or This phrase/word (depending on the context) can be potentially replaced with :attain
meet
 the changing needs Please add a punctuation mark at the end of paragraphof.of!of?of:of,of;
of


This sentence does not start with an uppercase letterCustomers
customers
, any concerns about social responsibilities become irrelevant. In other words
, Please add a punctuation mark at the end of paragrapha.a!a?a:a,a;
a


This sentence does not start with an uppercase letterCompany
company
 can This phrase/word (depending on the context) can be potentially replaced with :exclusively
only
You use this word too often, consider replacing it withmanufacturecomposeprepareformproducecause
make
 a This phrase/word is too simple and can be replaced with:beneficial
positive
 contribution to society if it is in This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 financial health.

On the other hand
, You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
companies
 should not be run
 with the sole aim of maximizing profit; they

This sentence does not start with an uppercase letterHave
have
 a wider role to play in society. One social obligation that owners and managers have Please add a punctuation mark at the end of paragraphis.is!is?is:is,is;
is


This sentence does not start with an uppercase letterTo
to
 treat their employees well, rather
 than exploiting them. For example
, they could pay Please add a punctuation mark at the end of paragrapha.a!a?a:a,a;
a


“This sentence does not start with an uppercase letterLiving
living
 wage” to ensure that workers have a This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 quality of life. I also
 like the This phrase/word (depending on the context) can be potentially replaced with :thoughtconceptnotion
idea
Please add a punctuation mark at the end of paragraphthat.that!that?that:that,that;
that


businesses could This phrase/word (depending on the context) can be potentially replaced with :exploit
use
 a proportion of their profits to support local charities, environmental

This sentence does not start with an uppercase letterProjects
projects
 or education initiatives. Finally
, instead
 of trying to minimize their tax payments by

using accounting loopholes, I believe that You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
company
 bosses should be happy to contribute to

This sentence does not start with an uppercase letterSociety
society
 through the tax system.

In conclusion
, I believe that You use this word too often, consider replacing it withgroupclubcommunityteampartyassociation
companies
 should place as much importance on their social

This sentence does not start with an uppercase letterResponsibilities
responsibilities
 as they do on their financial objectives. 