Which statement correctly reflects the free market view of business social responsibility?
A)In addition to making a profit, businesses are just as responsible for seeing to the well-being of their employees and the communities in which they operate
B)No one other than the managers and owners of a business may claim to have any stake in the business decisions managers make.
C)In the process of providing goods and services to customer who need and want them and maximizing profits for its shareowners, a business fulfills its social responsibility
D)A business is responsible for maximizing profits for its shareowners, but, in special circumstances, may have to sacrifice profits in the interest of the community whose citizens depend on it for employment.

Question

Quizplus · Accepted Answer

The free market view of business social responsibility emphasizes that by focusing on providing goods and services efficiently and maximizing shareholder profits, a business inherently meets its social responsibilities. This perspective holds that the primary duty of a business is to its shareholders, and by operating effectively within the market, it indirectly benefits society.

Which Statement Correctly Reflects the Free Market View of Business