What major external business force to a significant extent determines what acceptable business practices for the organization are?
A)Customers
B)Suppliers
C)Governments
D)Shareholders
E)Society

Question

Quizplus · Accepted Answer

Society, including customers, suppliers, governments, and shareholders, determines what acceptable business practices are, based on their expectations and values. Companies are expected to engage in ethical and socially responsible behaviors that align with these expectations and values, or risk damaging their reputation and losing business. Therefore, it is important for companies to understand and consider the interests of society as a whole when developing their business practices.

What Major External Business Force to a Significant Extent Determines