which business structure is focused on making a social impact in addition to profit? corporation sole…

which business structure is focused on making a social impact in addition to profit? corporation sole proprietorship b corporation nonprofit corporation

which business structure is focused on making a social impact in addition to profit? corporation sole proprietorship b corporation nonprofit corporation

Answer

Brief Explanations:

B Corporations are legally required to consider the impact of their decisions on workers, customers, suppliers, community, and the environment in addition to shareholders. Corporations mainly focus on profit - making for shareholders. Sole Proprietorships are centered on the owner's profit. Nonprofit Corporations do not aim for profit but for social good and lack the profit - making aspect in the context of this question.

Answer:

C. B Corporation