Which model of social responsibility places emphasis not only on profits but also on the impact of decisions in society quizlet?

business must do more than simply seek profits.
1. Because business is a part of our society, it cannot ignore social issues.

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Which model of social responsibility places emphasis not only on profit but also on the impact of decisions in society?
Does economic model of social responsibility emphasize profits?
What are the 4 types of social responsibility quizlet?
Which of the following describes the socioeconomic model of social responsibility?

Business has the technical, financial, and managerial resources needed to tackle today's complex social issues.

By helping resolve social issues, business can create a more stable environment for long-term profitability.

Socially responsible decision making by firms can prevent increased government intervention, which would force businesses to do what they fail to do voluntarily.
a business has a responsibility not only to its stockholders but also to its customers, employees, suppliers, and the general public.

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The economic model of social responsibility places emphasis not only on profits but also on the impact of business decisions on society.

The economic model of social responsibility emphasizes profits. The socioeconomic model of social responsibility emphasizes the effect of business decisions on society. There are many more socially responsible businesses today than there were ten years ago.

1. Social responsibility categories—economic, legal, ethical, and discretionary (philanthropic).

The socio-economic model of social responsibility demonstrates that a business should not only focus or concentrate upon what kind of profit it is making or how will it make more profit in the future but also look after the effect that it is causing on society from time to time.