Bachelor of General Studies (BGS) Degree Practice Exam 2025 - Free BGS Practice Questions and Study Guide

Question: 1 / 400

What does ongoing relationship building with stakeholders help businesses achieve?

Isolation from the market

Potential future crises

Stronger stakeholder commitment

Ongoing relationship building with stakeholders is vital for businesses as it leads to stronger stakeholder commitment. When a company actively engages with its stakeholders, including customers, employees, suppliers, and the community, it fosters trust and loyalty. This commitment often translates into various positive outcomes, such as enhanced collaboration, increased support for business initiatives, and improved reputation. When stakeholders feel valued and understood, they are more likely to advocate for the business and contribute to its long-term success.

In contrast, options implying isolation, potential crises, or minimal influence indicate a lack of connection and engagement with stakeholders, which can lead to mistrust or disengagement. Building strong relationships instead allows businesses to not only mitigate potential challenges but also capitalize on the insights and support of their stakeholders, thereby reinforcing their market position and adaptability.

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Minimal stakeholder influence

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