Asked by Logan Kitelinger on Sep 28, 2024
Verified
According to ________,firms benefit from considering the interests of employees,customers,vendors,and other parties.
A) shareholder theory
B) strategic marketing theory
C) stakeholder theory
D) triple bottom line theory
Shareholder Theory
A theory in business ethics suggesting that the primary responsibility of a company is to maximize the wealth of its shareholders.
Triple Bottom Line Theory
A sustainability framework that examines a company's social, environmental, and financial performance, aiming to measure the broader impact of the company's activities.
- Understand the importance of considering the interests of multiple stakeholders in business strategy.
Verified Answer
NG
Nikki Garland1 day ago
Final Answer :
C
Explanation :
Stakeholder theory argues that firms should consider the interests of not only their shareholders but also their employees, customers, vendors, and other relevant stakeholders. This approach emphasizes the importance of creating long-term value for all parties involved in the business, rather than just maximizing profits for shareholders.
Learning Objectives
- Understand the importance of considering the interests of multiple stakeholders in business strategy.
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