Which responsibility relates to fulfilling societal demands for goods and services?

The responsibility that relates to fulfilling societal demands for goods and services aligns with the concept of economic responsibility. This responsibility emphasizes the importance of businesses generating profit by providing the products and services that society needs and wants. Companies engage in economic responsibility by creating value through their offerings, thus contributing to the overall economy while striving to meet consumer demand effectively.

Economic responsibility is foundational in the business landscape, as it ensures that organizations are not only sustaining themselves but also playing a significant role in the economic health of the community and society at large. Satisfying consumer needs allows businesses to thrive and enables them to reinvest in their operations, employees, and the community, fostering long-term relationships and trust with stakeholders.

In contrast, the other options represent different aspects of corporate obligations. Corporate social responsibility focuses on the broader societal impact, legal responsibility pertains to compliance with laws and regulations, and ethical responsibility relates to adhering to moral principles and values. While these aspects interact with the business's operations, they do not primarily capture the essence of fulfilling the economic demands for goods and services as prominently as economic responsibility does.