Profit isn't everything. To what extent is this true in businesses?
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Exercise on Stakeholders Q: Profit isn't everything. To what extent is this true in businesses? Profit may help Stakeholders Profit is the difference between the price and the cost of making a product available. There are many types of Stakeholders. A Stakeholder is one who has an interest in the success of a business i.e. Shareholder, Customer, Employee, Local resident, Supplier, Creditor, Government. A Shareholder is a Stakeholder, and he buys shares into a business that will give him high dividends and a high share price. Businesses can benefit a Shareholder because if its profits take an increase so does his dividends. In addition a successful business will increase the share price making the Shareholder wealthier. A Customer is a Stakeholder and when he goes to purchase a product from a business he will look for high quality goods and the lowest possible prices. A business can affect a Customer with its prices. If a...

