Successful Firms Ignore the Needs of All Stakeholders,and Manage the Organization

question 131

True/False

Successful firms ignore the needs of all stakeholders,and manage the organization in a manner which ensures its survival today,but protects its long-term competitiveness and sustainability going forward.

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Definitions:

Intermediaries

Entities or individuals that act as middlemen between different parties in a transaction, facilitating the exchange of goods, services, or information.

Electronic Currencies

digital forms of currency that exist electronically, such as cryptocurrencies, which are used for online transactions.

Dollarization

The process of a country abandoning their currency and using U.S. Dollars or another currency instead.

Economic Inflation

A general increase in prices and fall in the purchasing value of money over time.