The privilege of operating in society with minimal formalized restrictions,that is legislation,regulation,or market requirements,based on maintaining public trust by
Doing what's acceptable to stakeholders in the business and society relationship is called:
A)Relevancy
B)Righteousness
C)Social Licence
D)Legitimacy
E)None of the above.

Question

Quizplus · Accepted Answer

The term "social license" refers to the acceptance or approval of a company's operations or activities by the community, stakeholders, and society at large. This acceptance is not based on formal regulations, but rather on the company's commitment to behaving in a socially responsible and ethical manner that aligns with the values and expectations of its stakeholders. Social license is a critical component of a company's legitimacy and long-term success.

The Privilege of Operating in Society with Minimal Formalized Restrictions,that