The Stake of Consumers in Corporations

Understand the stake that consumers have in corporations and how they influence business decisions. Learn the definition of stakeholders and the importance of customer feedback.

• Consumers
• Stakeholders
• Corporations
• Business Administration

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1. Libyan International Medical University Faculty of Business Administration The Stake of Consumers in Corporations Fahd Elsaite ID: 3307 Fahd_3307@limu.edu.ly

2. Table of Contents 01 02 03 Objectives Definition of Stakeholder The Stake of Customers in Corporations 04 05 Reference Conclusion

3. Objectives Understand the Definition of Stakeholders Know the Stake that Consumers Have in Corporations

4. Definition of Stakeholder A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.

5. The Stake of Consumers In Corporations Customers depend on the company to supply a product or service. They support the company with every purchase they make, and each purchase also shows the company what products and services to invest in further. In doing so, customers help guide the direction of a small business. Customers also share their opinions and experiences with the customer service department, and they may directly request changes in products or services. Because customers often speak directly with small business owners in their community, these businesses have the opportunity to cultivate a strong understanding of what their customers need or want.

6. Conclusion Customers are stakeholders that rely on the products of a business.

7. Reference Learn What Stakeholders Are and the Roles That They Play. (2021, August 19). Investopedia. Retrieved December 8, 2021, Martin, M. J. (2019, January 11). Role & Activities of Stakeholders. Small Business - Chron.Com. Retrieved December 8, 2021,