Stakeholders are affected by the decisions that the business makes, and therefore the business has a responsibility to consider them in those decisions.

Question

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Stakeholders include customers, employees, shareholders, suppliers, local communities, and government agencies. Any decision made by a business can have an impact on these groups, and therefore it is the responsibility of the business to consider their needs and interests. This concept is known as corporate social responsibility (CSR), and it is increasingly important for businesses to demonstrate that they are making ethical and sustainable decisions that benefit society as a whole.

Stakeholders Are Affected by the Decisions That the Business Makes