Welcome to the Real World
As a recent business graduate from a prestigious business school, Malcolm joined a firm where managers identify popular social needs such as community service and environmental concerns in addition to making a profit.In this organisation, managers respond to what they feel are important social needs.
-Refer to Welcome to the Real World (Scenario).One reason Malcolm chose this particular firm was because of the firm's ability to adapt to changing societal conditions.This is referred to as _____.

Question

Quizplus · Accepted Answer

Social responsiveness is the ability of a firm to adapt to changing societal conditions and respond to social needs. This is exactly what Malcolm was looking for when he joined the firm. Therefore, option B is the best choice. A is incorrect because socioeconomic view refers to the view that businesses should only focus on making profits and not be involved in social issues. C, D, and E are incorrect as they do not relate to the scenario.