Harold, president of a national stationery store, believes that the business has a responsibility not only to stockholders but also to customers, employees, suppliers, and the general public. Harold subscribes to the ____________ of social responsibility.

Question

​Harold, president of a national stationery store, believes that the business has a responsibility not only to stockholders but also to customers, employees, suppliers, and the general public. Harold subscribes to the ____________ of social responsibility.

Quizplus · Accepted Answer

The socioeconomic model of social responsibility suggests that businesses have obligations to society that go beyond profit maximization and include responsibilities to various stakeholders such as customers, employees, suppliers, and the general public.

​Harold, President of a National Stationery Store, Believes That the Business

Harold, President of a National Stationery Store, Believes That the Business