Business responsibility can include responsibility to whom?

• A. Suppliers exclusively
• B. Shareholders, employees, customers, and the community
• C. Only the government
• D. Only the business owners

Answer: (B)

Verified step by step guidance

1. Understand the concept of business responsibility: Business responsibility refers to the ethical and social obligations a company has towards various stakeholders, ensuring its operations benefit not just the business but also the broader community.
2. Identify the key stakeholders in a business: Stakeholders include shareholders, employees, customers, suppliers, the community, and the government. Each group has specific interests and expectations from the business.
3. Analyze the options provided: Evaluate whether the options listed (suppliers exclusively, shareholders, employees, customers, and the community, only the government, only the business owners) align with the broader concept of business responsibility.
4. Recognize the most inclusive option: Business responsibility typically encompasses a wide range of stakeholders, not just one group. The correct answer should reflect this inclusivity.
5. Conclude that the correct answer is the option that includes shareholders, employees, customers, and the community, as it represents the broader scope of business responsibility.