Can a consumer of a product be a stakeholder in the company that markets the product? Briefly explain your answer
What will be an ideal response?
Yes. A consumer is one type of stakeholder. A stakeholder can be a buyer, seller, or investor in a company; a community resident; or a citizen of the nation where the company's goods or services are made or sold. A consumer is the ultimate user of a good or service. Therefore, a consumer could be a stakeholder who is also the ultimate consumer using the product.
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Malia is a recent graduate of TSU Law School. She lands an impressive employment contract with the firm of Dewey, Cheathem, and Howe, Attorneys at Law, on the stated provision that she pass the upcoming bar exam. This provision in the employment agreement is a(n):
a. condition precedent. b. condition subsequent. c. implied condition. d. concurrent condition.
Product differentiation can lead to high market share and low costs
Indicate whether the statement is true or false