Step 1: Recall the industrial uses of microorganisms.
\[
\begin{aligned}
\textit{Saccharomyces cerevisiae} &\rightarrow \text{Bread and alcohol production},
\textit{Aspergillus niger} &\rightarrow \text{Citric acid production},
\textit{Penicillium chrysogenum} &\rightarrow \text{Penicillin production},
\textit{Lactobacillus} &\rightarrow \text{Curd and lactic acid production}.
\end{aligned}
\]
Step 2: Identify the baker's yeast.
The organism used commercially as baker's yeast is
\[
\boxed{\textit{Saccharomyces cerevisiae}.}
\]
Therefore,
\[
\boxed{(B)}
\]
is the correct answer.