According to Carroll's Pyramid of Social Responsibility,profits resulting from the
satisfaction of the economic responsibilities of the firm are necessary before any other
responsibilities; responsibilities,including legal,ethical,and philanthropic can be carried out.

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Carroll's Pyramid of Social Responsibility states that economic responsibilities are the foundation for a firm's social responsibility, and hence profits resulting from them are necessary before any other responsibilities can be fulfilled. Legal, ethical, and philanthropic responsibilities come next in the pyramid.

According to Carroll's Pyramid of Social Responsibility,profits Resulting from the