Corporate social responsibility requires a business to consider its effects on:
Correct answer: C. Customers, employees, communities, and the environment
- A. Owners only
- B. Competitors only
- C. Customers, employees, communities, and the environment
- D. Managers and lenders only
Explanation
Corporate social responsibility recognises duties to a broad group of stakeholders and to society. It therefore extends beyond the firm's financial obligations to its owners.
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About The Business Environment
Business environment includes the internal factors and external forces that affect business decisions, performance and survival. It covers customers, competitors, suppliers, government, technology, economic conditions, society, law and ecology, including the distinction between the microenvironment and the wider PESTLE environment.
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