INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is true regarding stakeholder expectations:
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Each group of stakeholders has different needs and expectations
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Stakeholder expectations are always financially driven
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All stakeholders want to exert authority over employees
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Stakeholder expectations always come second to customer needs
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Explanation:
Detailed explanation-1: -External stakeholders are groups outside a business or people who don’t work inside the business but are affected in some way by the decisions and actions of the business. Examples of external stakeholders are customers, suppliers, creditors, the local community, society, and the government.
Detailed explanation-2: –main stakeholders: the owners of the business (shareholders), managers, employees, customers, suppliers, investors, competitors, the local community and the government.
There is 1 question to complete.