We Can Distinguish Among Five Types of Customer Needs

question 111

Essay

We can distinguish among five types of customer needs. List and provide an example of each of those customer needs.

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Definitions:

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a proportionate share of the ownership.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them ownership interests in the company.

Quorum

The minimum number of members required to be present at a meeting to legally conduct business.

Supermajority Requirement

A rule that requires a higher than simple majority vote, often used in legislative bodies or for corporate decisions.