ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A decision to cut many jobs as part of a cost-reduction strategy is most likely to be opposed by which stakeholder groups?
A
Employees & the local community
B
Directors & customers
C
Shareholders & management
D
Suppliers & customers
Explanation: 

Detailed explanation-1: -The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.

Detailed explanation-2: -Key stakeholders to be involved in strategic planning are those having a vested interest in the success of the organization. They include employees, unions, customers, vendors, shareholders, regulatory agencies, owners, supply chain partners, community members, and others who depend on and/or serve the organization.

Detailed explanation-3: -Common examples of stakeholders include employees, customers, shareholders, suppliers, communities, and governments.

Detailed explanation-4: -A stakeholder can be a wide variety of people impacted or invested in the project. For example, a stakeholder can be the owner or even the shareholder. But stakeholders can also be employees, bondholders, customers, suppliers and vendors.

There is 1 question to complete.