What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment?
A) Business ethics
B) Socialization
C) Stakeholder consciousness
D) Social responsibility
E) Corporatization

Question

Quizplus · Accepted Answer

Social responsibility refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment. This includes being aware of and responsive to the impact the business has on its stakeholders, such as employees, customers, suppliers, and the wider community. Social responsibility also involves taking proactive steps to address issues like environmental sustainability, human rights, and social justice, even when it may not be required by law or regulation.

What Term Refers to the Way in Which a Business