According to the _______theory, all businesses have an agreement with the society as a whole to promote societal welfare because the society has allowed it to exist

Question

Quizplus · Accepted Answer

The Implied Social Contract theory suggests that businesses have an implicit agreement with society to contribute to its welfare, recognizing that their existence and operations are permitted by society, and in return, they should act in ways that benefit society.

According to the _______Theory, All Businesses Have an Agreement with the Society