According to the _____, the Only Social Responsibility That Businesses

question 44

Multiple Choice

According to the _____, the only social responsibility that businesses have is to maximize profits.

• A) economic model
• B) stakeholder model
• C) shareholder model
• D) accounting model

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Definitions:

Customer Needs

The essential wants and requirements of consumers that drive their purchasing decisions and behaviors, crucial for businesses to identify and satisfy.

Finding A New Customer

The act of identifying and engaging individuals or organizations that could potentially purchase a product or service for the first time.

Keeping One

Ensuring the retention or preservation of a particular thing or situation.

Relationship Selling

Forming meaningful relationships with your customers, which makes them much more likely to return and buy from you again.