What are the arguments against social re | Class 11 Business Studies Chapter Social Responsibilities of Business and Business Ethics, Social Responsibilities of Business and Business Ethics NCERT Solutions

Question:

What are the arguments against social responsibility?

Answer:

Critics of social responsibility argue that the primary goal of businesses is to maximize profits for shareholders. They believe that engaging in social causes diverts resources and attention from core business activities. Moreover, the additional expenses incurred in implementing socially responsible practices can increase operational costs, potentially reducing profitability. Businesses might also lack the expertise to effectively address societal issues, leading to inefficient or superficial initiatives. Opponents claim that social responsibility should be the domain of governments and non-profit organizations, not private enterprises.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Social Responsibilities of Business and Business Ethics.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 5: What are the arguments against social responsibility?....