Business organizations must address the legitimate needs and expectations of stakeholders because

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Business organizations must address the legitimate needs and expectations of stakeholders in order to be successful in the long run. Long-term success often depends on maintaining positive relationships with stakeholders, including customers, employees, suppliers, and the community. Ignoring these relationships can harm a business's reputation, reduce customer loyalty, and ultimately, result in reduced profitability. Therefore, addressing stakeholders' needs and expectations is critical for long-term success. While it is also the right thing to do and may be required by law in certain situations, these are not the primary reasons why businesses should address the needs of stakeholders.

Business Organizations Must Address the Legitimate Needs and Expectations of Stakeholders