The stakeholder model holds that the only responsibility that businesses have is to maximize profits.

Name: The stakeholder model holds that the only responsibility that businesses have is to maximize profits.
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This is the definition of the shareholder model. The stakeholder model holds that management's most important responsibility is long-term survival (not just maximizing profits), which is achieved by satisfying the interests of multiple corporate stakeholders (not just shareholders).

The Stakeholder Model Holds That the Only Responsibility That Businesses