Business firms pursue several different types of goals.A(n)__________ goal is when a firm seeks to balance the conflicting goals of stakeholders to promote their overall welfare,even at the expense of profits.
A) customer satisfaction
B) shareholder
C) profit minimization
D) social responsibility
E) employee welfare

Question

Quizplus · Accepted Answer

Social responsibility is a goal that aims to balance the interests of all stakeholders, including customers, shareholders, employees, and the community. This approach prioritizes the overall welfare of these stakeholders over maximizing profits. Thus, social responsibility is the best choice for this definition.

Business Firms Pursue Several Different Types of Goals