What is the modern textbook role of business and its managers?
A) The role of business is to make profits for shareholders. The role of managers is to maximize profits.
B) The role of business is to make products. The role of managers is select products that will maximize profits.
C) The role of business is to create value for stakeholders, who are affected by the business and can affect firm performance. The role of managers is to integrate market and nonmarket environmental strategies ethically to create value for stakeholders.
D) The role of business is to create jobs. The role of managers is to select the best employees.
E) None of these are correct.
Correct Answer:
Verified
Q1: Business should consider a responsibility to be
Q2: _ is the general term used for
Q4: A/n _ guides a firm's interactions with
Q5: What is the primary objective of integrating
Q6: Which of the following is true of
Q7: Which of the following are stakeholders in
Q8: What would be considered as nonmarket society
Q9: Select categories of the nonmarket government environment.
A)
Q10: Which of the following branches of government
Q11: To be successful, what must businesses do?
A)
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