What Is "Maximizing Profits" as a Social Responsibility Theory in Business

question 39

Multiple Choice

What is "maximizing profits" as a social responsibility theory in business?

• A)the theory that a corporation must consider the effects its actions have on persons other than its shareholders
• B)the theory that a corporation's duty is to make a profit while avoiding causing harm to others
• C)the theory that a corporation owes a duty to take actions that increase profits for shareholders
• D)the theory that a business has a responsibility solely to its stakeholders

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Definitions:

Interactive Marketing

Marketing strategies that involve two-way communication between companies and consumers, often leveraging digital platforms.

Customer Relationships

The management of interactions and engagements between a business and its customers, focusing on enhancing loyalty and satisfaction.

Collaborative Filtering

A method used by recommender systems to predict the interests of a user by collecting preferences from many users, assuming that people who agreed in the past will agree in the future.

Buying Intentions

The likelihood or propensity of consumers to purchase a product or service in the near future.