Social obligation,social responsibility,and social responsiveness are all ways firms view their interactions with society.

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Social obligation, social responsibility and social responsiveness are all different approaches to how firms engage with society. Social obligation refers to the legal and regulatory requirements that businesses must follow. Social responsibility relates to the voluntary actions that a company takes to improve social, economic and environmental conditions. Social responsiveness is a firm's ability to adapt to changing societal expectations and demands. Therefore, the statement is true.

Social Obligation,social Responsibility,and Social Responsiveness Are All Ways Firms View