Why are secondary stakeholders important to a company?
A)The company depends on them for long-term survival.
B)They can affect public perceptions and opinions.
C)The company is endangered by a termination of their relationship.
D)They have the direct power to control management decisions.

Question

Why are secondary stakeholders important to a company?
A)The company depends on them for long-term survival. 
B)They can affect public perceptions and opinions. 
C)The company is endangered by a termination of their relationship. 
D)They have the direct power to control management decisions.

Quizplus · Accepted Answer

Secondary stakeholders, such as customers, suppliers, and community groups, can influence public opinions and perceptions about the company. This can impact the company's reputation and ultimately its success in the long-term. Therefore, it is important for companies to take into account the needs and interests of their secondary stakeholders in order to maintain positive relationships and a strong reputation.

Why Are Secondary Stakeholders Important to a Company