Multiple Choice
If Eli starts his own business, his firm's activities and policies will impact many different groups of stakeholders, including employees, customers, creditors, suppliers, and people living in the community where his business is located. Which of the following statements represents how Eli should deal with these various groups? Eli should
A) take the needs of all of these groups into account, and try to satisfy each group as much as possible.
B) concentrate on meeting the needs of his customers, since they are crucial to the success of his business, but ignore the needs of other groups in order to keep costs low.
C) satisfy whichever group complains the loudest, using the "squeaky wheel gets the grease" philosophy.
D) concentrate on maximizing his own profits and let everyone else look out for themselves.
Correct Answer:

Verified
Correct Answer:
Verified
Q119: Effectiveness means producing goods and services using
Q120: New welfare rules have made it easier
Q121: Which of the following statements about the
Q122: Businesses seek to earn a profit by
Q123: Julia finds it easy to do all
Q125: Which of the following organizations is an
Q126: Successful businesses are keenly focused on their <br>A)
Q127: An important environmental change in the global
Q128: Jackson is supposed to be studying for
Q129: High taxes and government restrictions help to