The ________ responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors.

Question

Quizplus · Accepted Answer

The economic responsibility of a business is to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. This means that the business must operate profitably in order to stay in business and provide goods and services to society. Legal, ethical, political, and philanthropic responsibilities are additional responsibilities that a business may choose to take on, but the economic responsibility is the most basic and essential one.

The ________ Responsibilities of Business Are to Produce Goods and Services