Proponents of the socioeconomic view of social responsibility believe that business organizations are __________.

Question

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Proponents of the socioeconomic view argue that businesses hold a broader responsibility beyond just maximizing profits. They believe that businesses should consider the well-being of all stakeholders including employees, customers, suppliers, and the community. In other words, businesses are not just merely economic institutions but also social institutions with a responsibility towards society.

Proponents of the Socioeconomic View of Social Responsibility Believe That