Which of the following best defines the concept of shared value?

Question

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Shared value is the concept of creating economic value in a way that also creates value for society. This approach goes beyond traditional corporate social responsibility by considering societal needs and challenges as lucrative opportunities for business innovation and development. By aligning profit-seeking goals with broader social and environmental objectives, companies can create sustainable and mutually beneficial outcomes for themselves and their stakeholders. Maximizing profits (B), reducing prices (C), and increasing product quantity (D) do not necessarily lead to shared value creation.

Which of the Following Best Defines the Concept of Shared