The concept of business responsibility that is based on concern for the various groups that are affected by a business is known as the

Question

Quizplus · Accepted Answer

The stakeholder model of business responsibility is based on the idea that a business is responsible not just to its shareholders, but also to other groups that are affected by its actions, such as employees, customers, suppliers, and the community. This broader view of responsibility takes into account the impact that business decisions can have on various stakeholders and aims to balance the interests of all these groups. The other options (A, B, and C) do not capture this broad view of responsibility that is inherent to the stakeholder model.

The Concept of Business Responsibility That Is Based on Concern