Which of the following is the concern of businesses for the welfare of society?
A) social responsibility
B) consumer protection
C) the marketing concept
D) business ethics

Question

Quizplus · Accepted Answer

Social responsibility refers to businesses' concern for the welfare of society as a whole, including their impact on the environment and community. Consumer protection relates to ensuring that consumers are treated fairly and have access to safe products and services. The marketing concept is a business philosophy focused on meeting the needs and wants of consumers to make a profit. Business ethics refers to the moral principles and values that guide the behavior of individuals and organizations in a business context.

Which of the Following Is the Concern of Businesses for the Welfare