No, social responsibility and profit maximization are not synonymous. Profit maximization focuses solely on maximizing profits for the company's shareholders, while social responsibility refers to the company's obligation to act ethically and contribute to the betterment of society. While pursuing profit is important for a company's success, it should not come at the expense of social responsibility. A company that prioritizes social responsibility can still make profits, but it will do so while promoting the well-being of its stakeholders and the larger society. Ultimately, a balance should be struck between profit maximization and social responsibility to ensure the long-term success and sustainability of the company.
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