Question detail
RiverRun Catering serves online shoppers while training staff; the case evidence includes customer retention of ?4,622, sales of 317 units, and a 7% change in costs or demand. Which option best applies Define stakeholder and identify main business stakeholders including owners, employees, customers, local community and suppliers?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Stakeholders
Question
- A. Use customers, employees, local community, suppliers to judge supplier lead time, lenders impact, and the business objective in Stakeholder groups and objectives.
- B. Give only a definition of Stakeholders without using the case evidence.
- C. Treat gross and net profit as identical and ignore the effect on lenders.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use customers, employees, local community, suppliers to judge supplier lead time, lenders impact, and the business objective in Stakeholder groups and objectives.
Explanation
This option works because Use customers, employees, local community, suppliers to judge supplier lead time, lenders impact, and the business objective in Stakeholder groups and objectives. The case evidence gives ?6,122, 317 units, and 7%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse gross and net profit, miss the lenders, or ignore the business objective.
Common mistake
Stakeholder groups and objectives common mistake 1
Giving a vague answer instead of directly addressing: Define stakeholder and identify main business stakeholders including owners, employees, customers, local community and suppliers..
Answer by clearly explaining how to define stakeholder and identify main business stakeholders including owners, employees, customers, local community and suppliers..
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