Profit responsibility refers to
A) the obligation of a firm to price its goods or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
B) the duty of a firm to maximize profits for its owners or stockholders.
C) the view that an organization has an obligation only to those constituencies which can affect achievement of its objectives.
D) the concept that no expansion or additional research and development will occur until a company is making a profit.
E) the view that a portion of profit (after taxes) should be reinvested in a socially or environmentally beneficial endeavor.
Correct Answer:
Verified
Q109: Source Perrier S.A., the supplier of Perrier
Q110: There are three types of social responsibility,
Q111: FIGURE 4-3 Q112: Stakeholder responsibility refers to the Q113: Green marketing refers to Q115: The maker of Wrigley chewing gum funded Q116: The duty of a firm to maximize Q117: Most paint is not biodegradable and not Q118: Marketing efforts to produce, promote, and reclaim Q119: The recognition of the need for organizations
A)obligation of a
A)the marketing of agricultural
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