Limitations of social responsibility

Entrepreneurship-and-Communication-Skills-notes
  • It increases costs to the business
  • It makes the business to spend resources and thus reduces profit
  • Increased social responsibility cost is passed onto the consumers in form of higher prices
  • Most businesses lack the skills to solve social problems
  • The business might misuse its powers on the society
  • The business may deviate from its main purpose of existence



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