What is the term called when a business focuses on doing the right thing and acts in ways that are good for society, which go beyond its legal and economic obligations?A.Ethical mindsetB.Social responsibilityC.Social irresponsibilityD.Chain management
Question
What is the term called when a business focuses on doing the right thing and acts in ways that are good for society, which go beyond its legal and economic obligations?A.Ethical mindsetB.Social responsibilityC.Social irresponsibilityD.Chain management
Solution
The term when a business focuses on doing the right thing and acts in ways that are good for society, which go beyond its legal and economic obligations, is called Social responsibility (B).
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