Give any four reasons against the social responsibilities of a businessman .

Explanation

Arguments Against Social Responsibility

Violation of maximization of the profit motive: This statement argues that business exists only for maximizing profits and businesses fulfil their social responsibility best by maximizing profits by increasing efficiency and reducing costs. They need not take up any additional obligations.


Side effects on Consumers: Customers suffer because of the solving social problems and taking social care require huge financial investment. As the money within the business is used in social help, the business increase the cost of their products and services.


Lack of Social skills: It is often stated that businessmen don’t fully under the social problems and thus can’t solve them efficiently.


Personal resistance: People tend to dislike interference from businesses in their problems.