What is the term for the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates?

Question

Quizplus · Accepted Answer

The term for the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates is referred to as Corporate Social Responsibility (CSR). It is the ethical concept that organizations have an inherent responsibility towards the society and environment in which they operate. This includes taking into account social, economic, and environmental impacts of their actions, along with the traditional bottom-line concerns of profit and shareholder value.

What Is the Term for the Concern of Business for the Long-Range