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Models of Social Responsibility and Considering the Stakeholder

LEARNING OBJECTIVE: Understand different kinds of social responsibility and their benefits.

Which statement applies to the economic model of social responsibility?

A. Businesses have the resources to help solve social problems.
B. When businesses focus on profits, society benefits.
C. Businesses cannot ignore social issues.



Answer :

GinnyAnswer

Final answer:

The economic model of social responsibility emphasizes profits as the primary goal for businesses, with societal benefits stemming from this focus.


Explanation:

The economic model of social responsibility focuses on profits as the primary goal for businesses. In this model, it is believed that when businesses prioritize profitability, society as a whole benefits through economic growth, job creation, and innovation.


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