________ 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 its primary responsibility as it involves producing goods and services that society wants at a reasonable price that allows the business to make a profit and satisfy its investors. The other responsibilities (legal, environmental, philanthropic, and ethical) are also important, but they are secondary to the economic responsibility.

________ Responsibilities of Business Are to Produce Goods and Services