Profit responsibility, societal responsibility, and stakeholder responsibility are three forms or concepts of

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Profit responsibility refers to a company's obligation to maximize profits for its shareholders, while societal responsibility relates to the obligation to act in the best interest of society as a whole. Stakeholder responsibility refers to the obligation to consider the interests of all stakeholders, including customers, employees, suppliers, and the community. These three forms of responsibility collectively fall under the broad concept of social responsibility.

Profit Responsibility, Societal Responsibility, and Stakeholder Responsibility Are Three Forms