Why Should Managers Consider Stakeholders' Interest,needs and Preferences

question 67

Essay

Why should managers consider stakeholders' interest,needs and preferences?

Explore the role of data accuracy and technology like advanced planning systems in enhancing aggregate planning outcomes.

Understand the structural anatomy of the kidney and associated urinary organs.

Identify the microscopic structures within the kidney and their functions.

Recognize the flow of blood and filtrate through the kidney.

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Definitions:

Accounting Profit

The difference between total revenue and explicit costs of a business.

Economic Profit

The profit a company makes after deducting both explicit and implicit costs, reflecting the total opportunity costs of its resources.

Implicit Costs

The opportunity costs of using resources that are owned by the firm or entrepreneur for one purpose instead of another, not directly paid out in cash.

Entrepreneur's Talent

is the unique skill set, creativity, and capacity to innovate and take risks that an entrepreneur brings to the economic table, instrumental in starting and growing businesses.