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All firms are faced with choosing between competing stakeholders at some point in their operations. The best course of action is to run a cost-benefit analysis to determine which stakeholder presents the option that maximizes the benefit at the lowest risk and cost.
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Why are there always opportunity costs when we shift from making one to another?
some resources are better suited for use in making the first product.
Why are there always opportunity costs when we shift from making one product to another?
some resources are better suited for use in making the first product.
The concept of competitive advantage in business organizations?
A Competitive advantage describes the ability of a firm to be better at something than all other firms in that industry. This advantage allows the firm to differentiate their product/themselves by being 'better' than their competition. Not to be confused with comperative advantage, which focuses on a firms ability to be better at something COMPARED to another firm.
Why is competition important in a free market system?
they can see the different prices and special functions of a particular product. they can also compare those things. competition isn't only good for consumers but also for the people who make the better product.
Will singles get a stimulus check in 2012?
we should get another intill the econamy gets better
Does a Shareholder view of ethics suggest that you retain mission critical people at the expense of less critical employees?
By the end of this section, you will be able to: Identify the factors that affect stakeholder prioritization Explain why priorities will vary based upon the interest and power of the stakeholder Describe how to prioritize stakeholder claims, particularly when they conflict If we carry the idea of stakeholder to the extreme, every person is a stakeholder of every company. The first step in stakeholder management, the process of accurately assessing stakeholder claims so an organization can manage them effectively, is therefore to define and prioritize stakeholders significant to the firm. Then, it must consider their claims. Given that there are numerous types of stakeholders, how do managers balance these claims? Ethically, no group should be treated better than another, and managers should respond to as many stakeholders as possible. However, time and resource limitations require organizations to prioritize claims as stakeholder needs rise and fall.
What is the natural process favoring organisms that are better adapted to their environment?
Natural selection is the process favoring organisms with traits that better suit their environment, leading to the individuals with advantageous traits surviving and reproducing more successfully. Over time, this results in the accumulation of beneficial traits in a population, improving its fitness and adaptation to its environment.
Why is swimming the best sport maths wise?
In terms of maths, there is no particular sport that is - in any way - better or worse than another.
What influence does stakeholders have on a company's actions?
Depending on what stakeholder it is, a shareholder = company gaining lots of profit consumers = operating in an ethical manner employees = better working enviroment
What is a better printer OKI or Xerox?
The answer to this question is purely a matter of opinion since Xerox and OKI are direct competitors. Some will say one is better and some will say the other is better. Both companies offer a variety of products and some are more suitable for one application than another. That suitability must be assessed along with cost to decide which is better for a particular customer at a particular time.
Is 2.45kl better then 2.556 kl?
What do you mean with "better"? It is certainly less. Whether it is better to have less depends on the particular use.
Which stakeholder require financial report and why?
All stakeholders require a financial report. These reports are required for the financial information to get an understanding of accounts payable and accounts receivable to obtain a better understanding of the performance of the organization.
What is better Tasmanian devil or mountain pygmy possum?
One cannot compare whether or not a particular animal species is "better" than another. Both of these native Australian marsupials are completely unique and suited to a particular niche. While the Tasmanian devil is Australia's largest remaining dasyurid, or carnivorous marsupial, the mountain Pygmy possum is the only Australian marsupial that hibernates.
What makes a particular computer better feature apps?
its cool
Is snowboarding or skiing better?
i do both so i'm not favoring either one. At first snowboarding feels cool but after doing them for many years skiing becomes much more fun
Which religion is better Hinduism or Islam?
All the religions of world are in some way unique. Yet they all aim at achieving 'God' and doing good to humanity. There is nothing as 'good religion' or 'bad religion' there are just good or bad people who belong to a particular religion(any religion). Hence, you cannot say or determine that a particular religion is better than another religion!
How do you know that one language is better than another?
how do you know that one language is not better than another
