Each organization should return value to society and satisfy customers' needs in order to justify its continued existence.

Question

Quizplus · Accepted Answer

This is a commonly accepted principle of business ethics and corporate social responsibility. Organizations exist to serve their customers, and in doing so, they must also contribute to the well-being of society as a whole. Failure to do so may result in negative consequences for the organization, such as lost business or reputational damage.

Each Organization Should Return Value to Society and Satisfy Customers