Archie Carroll contends that the primary goal of business is profit maximization.

Question

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While profit maximization is important for a business, Archie Carroll argues that businesses have four responsibilities, known as the "CSR pyramid": economic, legal, ethical, and philanthropic. Profit maximization falls under the economic responsibility, but businesses also have responsibilities to follow laws, conduct their operations ethically, and contribute to the betterment of society through philanthropic initiatives.

Archie Carroll Contends That the Primary Goal of Business Is