Businesses: Profitability and Socio-Economic Responsibility

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Recommended: Business social responsibility WHY IT MATTERS

CHAPTER VIII
SOCIO-ECONOMIC DESIRABILITY The very nature and primary goal of businesses is to earn and maximize profit. However, every business is now sensitive to corporate social responsibility in which not only focuses the company itself, but also its various aspects. It is linked to concern for the continuous improvement and growth of the different community. Businesses and entities must also be viewed as a big contributor for the betterment of the economy and society as a whole. Thus, businesses partake in the responsibilities towards an improved and civilized economy. As a forefront desire of this project, it is the need to relate and upfront the operation of the public’s advantage in a way that comes with the project’s purpose towards …show more content…

The people will have the advantage of having an income with lesser expenses since the workplace is only located to where they are residing in. The employment given by the business will help the people in the community to have their source of income and gain benefits which will the business will provide during the operations.
Related Industry A product cannot be produced without other products. As well as a business cannot exist without the other businesses. Some businesses will provide services and products in order to start the operations of other business. Business can also earn income by selling their products and providing services to other business. In order to produce the proposed product and be able to start the operations of the business, the help of other entities will be needed to provide raw materials and services. The following are the related

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