Consumers as Key Stakeholders in Business Operations
Learn about the importance of consumers as stakeholders in business operations. Explore how consumers impact businesses and how businesses, in turn, influence consumers. Discover the intricate relationship between businesses and consumers, and why understanding this dynamic is crucial for sustainable success.
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Presentation Transcript
Libyan International Medical University Faculty of Business Administration Consumers as Stakeholders By: Sanad Nagem 2232
Contents Introduction 1 Consumers as stakeholders 2 Conclusion 3 2
Introduction! A customer is an individual or group planning to buy, order or use the goods, items or services purchased, mainly for personal, social, family, household or similar purposes, and not specifically connected to business or entrepreneurial practices. 3
Stakeholder Any person, group, or party who has an interest in an entity and the effects of its operations is a stakeholder.
Consumers as stakeholders Consumers are the core of a business, they affect the business in many ways, as they get affected by it. Consumers is what helps businesses keep open. 5
Stakeholders include employees, managers, customers, owners, suppliers . Consumers are the purpose of every business. A consumer can affect, and is affected by any business. 6
References Stakeholder - Learn About the Different Types of Stakeholders. (2020, March 23). Retrieved January 07, 2021, from https://corporatefinanceinstitute.com/resources/knowledge/finance/stakehold er/ Consumer. (2020, December 27). Retrieved January 07, 2021, from https://en.wikipedia.org/wiki/Consumer 7
