What does "maximizing profits" as a social responsibility theory in business imply?

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Maximizing profits as a social responsibility theory in business implies that a corporation owes a duty to take actions that increase profits for its shareholders. This theory suggests that the primary responsibility of a corporation is to generate profits for its owners or shareholders. Other stakeholders, such as employees, customers, and the society at large, are considered secondarily. Nonetheless, the corporation must avoid causing harm to others while maximizing its profits.

What Does "Maximizing Profits" as a Social Responsibility Theory in Business