Which responsibility involves producing goods and services that society wants at a sustainable price?

Study for the Penn Foster Principles of Management (BUS 110) Test. Review core concepts with flashcards and multiple-choice questions, each offering hints and explanations. Prepare effectively for your exam!

The responsibility centered around producing goods and services that society desires at a sustainable price falls under economic responsibilities. This concept recognizes that businesses must perform their operations in a way that not only meets the needs of consumers but also generates profit for the organization, ensuring long-term viability. This includes setting prices that are accessible while maintaining the ability to sustain operations, invest in growth, and create jobs.

In contrast, legal responsibilities pertain to the need for businesses to comply with laws and regulations governing their operations. Ethical responsibilities involve the moral obligations of a company to act in ways that are fair and just, which may not directly relate to market demand or sustainable pricing. Social responsibilities encompass a broader range of societal impact, including environmental stewardship and community involvement, rather than specifically focusing on the economic aspect of pricing goods and services. Therefore, the economic responsibilities best capture the idea of delivering what society wants at a sustainable price point.

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