Which is the BEST example of a business trying to balance the needs of various stakeholders?
A) Pete's Pest Control Company is trying to develop an eco-friendly insecticide that will eliminate crop-killing pests and still adhere to environmental regulations.
B) Even though Joe's Outdoor World received a quantity discount from the manufacturer on gas grills, the company is still going to sell them at the full retail price.
C) To make sure she keeps up with the competition, Amber's Gelato Shoppe offers money-saving coupons during the summer months.
D) A sporting goods store wonders if it should sell football equipment year-round as opposed to just the fall and winter months.
E) Even though it might reduce profits, Bill's Big and Tall Store wonders if it should offer free shipping to its online customers.

Question

Quizplus · Accepted Answer

To achieve and maintain profitability, a business must balance the needs of its various stakeholders (customers, employees, investors, government regulators, and the community). Pete's Pest Control is trying to balance the needs of its customers by providing a quality product; the community, by making it eco-friendly; and government regulators, by making sure it adheres to all regulations.

Which Is the BEST Example of a Business Trying to Balance