The socioeconomic view of corporate responsibility suggests that ________.

Question

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The socioeconomic view of corporate responsibility suggests that corporations are responsible to the larger society, which includes shareholders, employees, customers, suppliers, and the community. This view argues that corporations should take a broad approach to social responsibility and engage in activities that benefit society as a whole, even if they do not directly contribute to the bottom line. Maximising profits is seen as important but not at the expense of other stakeholders.

The Socioeconomic View of Corporate Responsibility Suggests That ________