Question

When it comes to social responsibility, some people feel that "before you can do good, you must do well". This reflects a firm's primary responsibility is to their

Answer 1

Answer: shareholders. This belief is based on the idea that a company's primary responsibility is to maximize profits for its shareholders. This means that the company should focus on increasing its profits and not on social responsibility initiatives. This view is often held by those who believe that a company's primary responsibility is to its shareholders and that any social responsibility initiatives should be secondary to that goal.