What do you believe the role of the corporation is?Do you agree or disagree with Milton Friedman’s view that “There is one and only one social responsibility of business,” the Nobel economist wrote in 1970: to “engage in activities designed to increase its profits.” Companies must obey the law. But beyond that, their job is to make money for shareholders.https://fortune.com/longform/business-roundtable-ceos-corporations-purpose/

A corporation is a sort of business that is possessed by its investors, who choose a governing body…

Answered: What do you believe the role of the…

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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What do you believe the role of the corporation is?
Do you agree or disagree with Milton Friedman’s view that “There is one and only one social responsibility of business,” the Nobel economist wrote in 1970: to “engage in activities designed to increase its profits.” Companies must obey the law. But beyond that, their job is to make money for shareholders.

https://fortune.com/longform/business-roundtable-ceos-corporations-purpose/

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