Do companies have a duty to society at large or is a business solely obligated to making a profit for their owners and shareholders?
Do companies have a duty to society at large or is a business solely obligated to making a profit for their owners and shareholders?
Chapter7: Entrepreneurship
Section: Chapter Questions
Problem 12CRQ: How do ethics impact decision-making with small-business owners?
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Do companies have a duty to society at large or is a business solely obligated to making a profit for their owners and shareholders?
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Introduction
Every company has an external and an internal environment. In the internal environment of the company, the top-level management, middle-level management, low-level management, shareholders, and promoters are there. While the external environment of the company is surrounded by society, technology, political and legal environment, competitive and technological environment.
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