Final answer:
All of the stated reasons are why conducting business in a socially responsible manner should be natural for all businesses: consumer preferences for ethical products, the protection against losses from unethical conduct, and the mutual interest in planetary well-being.
Step-by-step explanation:
Conducting business in a socially responsible manner is seen as a natural aspect for businesses for a multitude of reasons. The factors include consumer preferences, ethical considerations, and the well-being of the planet. Consumers often favor products from companies they perceive to be socially responsible, which is linked to consumer behavior studies. These studies suggest that making ethical choices can attract a loyalty base.
Furthermore, ethical behavior is not only a matter of corporate conscience but also a protective measure against the risks of catastrophic losses that might arise from unethical conduct. This supports the idea that responsible business practices can be both ethically right and strategically wise in maintaining competitiveness.
Additionally, the well-being of our planet concerns everyone and sustainable business practices play a crucial role in our mutual survival. This idea has been echoed by the likes of Adam Smith with the concept of the invisible hand, where self-interest in business driven by consumer demand can have positive social outcomes. Considering these aspects collectively, the answer to the question is D. All of the above.