Refer to the scenario below to answer the following questions
The Environmental Study (Scenario)
You have just been challenged by your supervisor to study and report your findings on approaches that organizations use when dealing with the environment and when pursuing the goal of going green. Your boss tells you to study the four major approaches, differentiate among them, and report to him in a week.
-Under what approach does the organization work to meet the environmental demands of multiple groups of people including employees, suppliers, or the community?
A) stakeholder approach
B) market approach
C) legal approach
D) activist approach
E) social obligation approach

Question

Quizplus · Accepted Answer

The stakeholder approach focuses on meeting the demands and interests of various groups, including employees, suppliers, and the community. This approach recognizes that the organization's success is tied to the satisfaction of these stakeholders. The market approach focuses on meeting the demands of customers and the legal approach focuses on meeting government regulations. The activist approach involves working towards social or environmental change through advocacy and protest. The social obligation approach involves meeting the minimum ethical and legal responsibilities towards society and the environment.

Refer to the Scenario Below to Answer the Following Questions