By Balancing the Demands of Customers and Stockholders,businesses Satisfy the Demands

question 288

True/False

By balancing the demands of customers and stockholders,businesses satisfy the demands of all stakeholders.
Customers are interested in benefiting from the products and/or services produced by businesses.Stockholders are usually profit oriented.Stakeholders encompass customers,suppliers,employees,stockholders,government organizations,environmental groups,and other organizations that are somehow affected by the business in question.

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Definitions:

Partnership

A form of business legally established for joint operation, where management duties and profits are shared among two or more collaborators.

Incorporation Options

Various legal structures available for businesses when formally establishing their company with the state.

Sole Proprietorship

A business owned and operated by a single individual, with no distinction between the business and the owner in terms of legal and financial affairs.

Advantages

The positive aspects or benefits that contribute to achieving success or gaining a competitive edge.