Schweser states
General public also provides national infrastructure to the firm in exchange for an increased quality of life due to the existence of the firm
What’s the implication/application of this statement?
Does it mean that a firm is obliged to be socially responsible or donate? Becuse I feel any corporate organisation is technically absolved from duty by simply paying their taxes.
Maybe I’m overthinking this unimportant topic - but why is this line (bold) in the text if you can’t apply it or imply anything from it
EDIT: IMO my understanding of the statement implies that general public is in fact not an external stakeholder