Secondary stakeholders are important to a company because:
A) they are critical to the company's long-term survival.
B) they can affect public perceptions about socially responsible behavior.
C) they are involved in day-to-day transactions with the company.
D) they have the direct power to control management decisions.

Question

Quizplus · Accepted Answer

Secondary stakeholders, such as customers, suppliers, and local communities, can affect public perceptions about a company's socially responsible behavior. This can have a significant impact on the company's reputation and overall success, making it important for companies to consider and address the concerns of these stakeholders. While secondary stakeholders may not have direct control over management decisions, their opinions and actions can influence a company's bottom line.

Secondary Stakeholders Are Important to a Company Because