International Business UNIT #4 Flashcards
1
Q
What and who are stakeholders?
A
Used to determine which group’s interests are most important when a company is faced with an ethical dilemma.
Primary stakeholders directly affect the company and its profitability(Investors in your business, such as your employees, customers, suppliers and creditors).
Secondary stakeholders have an impact on the company, but do not directly influence its success or contribute to profitability. (Include consumers(who may or may not purchase from you), government agencies, and unions).
2
Q
What is an ethical dilemma?
A
Arises when there is difficulty choosing between two or more courses of action, in which either choice is wrong or it disobeys a moral or ethical principle.
