Hoffmann Enterprises (HE),a manufacturer of industrial goods,primarily focuses on meeting the demands of the market with quality products.It also undertakes environmental protection endeavors that promote the use of renewable sources of energy.HE illustrates the _____ to corporate management.

Question

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The social contract approach emphasizes that companies have a responsibility to meet not only the demands of their shareholders but also the needs of society and the environment. Hoffmann Enterprises' focus on quality products and environmental protection efforts align with this approach to corporate management.

Hoffmann Enterprises (HE),a Manufacturer of Industrial Goods,primarily Focuses on Meeting