A progressive business model:
A) is one where social performance is based on the response of the management teams to pressures in the business environment.
B) focuses on making a profit and resists demand to go beyond the minimum duty of obeying the law.
C) defines a strategy that meets market needs by mitigating social problems.
D) is one in which the central strategy for creating value is based on meeting market demands.

Question

Quizplus · Accepted Answer

A progressive business model is one that not only focuses on making a profit but also takes into account the social and environmental impact of its actions. It defines a strategy that meets market needs while also mitigating social and environmental problems. It goes beyond obeying the minimum legal requirements and seeks to make a positive impact on society. Therefore, option C is the best choice. Options A, B, and D do not fully capture the essence of a progressive business model.

A Progressive Business Model