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Essay

Business Ethics

Essay specific features

 

Issue:

Business

 

Written by:

Carmine E

 

Date added:

February 18, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

12 / 3115

 

Was viewed:

8406 times

 

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Essay content:

In this battle, the term ‘strongest’ often refer to those businesses which can make more profit so they could have higher chances to remain competitive and more easily to extend their life span in the market. Hence, more and more businesses seek to make as much profit as they can to increase their probability of winning the battle...
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Profit making then seem to be the central of the universe that businesses focus merely on it and nothing else is to be done. Social responsibility is always the major missing out aspect for businesses. However, the famous economist Milton Friedman argues that the only social responsibility that business people have is to maximise profits for stockholders of their companies, in other words, Friedman believes that businesses have only one kind of social responsibility that is to serve the interest of their stockholders...
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