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The overall way in which a business balances its commitments to customers employees, investors, or other stakeholders is known as __ A. fair trade B. sustainability C. social responsibility D. situational ethics E. free trade

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The overall way in which a business balances its commitments to customers employees, investors, or other stakeholders is known as __
A. fair trade
B. sustainability
C. social responsibility
D. situational ethics
E. free trade

The overall way in which a business balances its commitments to customers employees, investors, or other stakeholders is known as __ A. fair trade B. sustainability C. social responsibility D. situational ethics E. free trade

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Usta · 5 yıl öğretmeni
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The correct answer is C. social responsibility.<br /><br />Social responsibility refers to the overall way in which a business balances its commitments to various stakeholders, including customers, employees, investors, and the community. It involves considering the impact of business decisions on these stakeholders and striving to meet their needs and expectations while also being ethical and sustainable.<br /><br />Fair trade (A) refers to a movement that aims to promote fairer trade practices and improve working conditions for producers in developing countries. Sustainability (B) refers to the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. Situational ethics (D) is an ethical theory that suggests that the rightness or wrongness of an action depends on the context and circumstances. Free trade (E) refers to the exchange of goods and services between countries without restrictions or tariffs.<br /><br />Therefore, the correct answer is C. social responsibility.
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