_____ means that a firm is worthy of consideration or doing business with because of the impressions or opinions of customers,suppliers,investors,or competitors.
A) Bureaucracy
B) Illiquidity
C) Legitimacy
D) Insolvency

Question

Quizplus · Accepted Answer

Legitimacy refers to the perception that a company is worthy of consideration or doing business with. This can be influenced by the opinions of customers, suppliers, investors, or competitors. Bureaucracy refers to a complex administrative system, illiquidity refers to a company's inability to meet its short-term financial obligations, and insolvency refers to a company's inability to meet its long-term financial obligations. None of these options accurately describes the concept of legitimacy.

_____ Means That a Firm Is Worthy of Consideration or Doing