Bachelor of General Studies (BGS) Degree Practice Exam

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Prepare for your Bachelor of General Studies Degree Exam with targeted quizzes and resources. Test your readiness with a variety of question formats and detailed explanations. Maximize your exam potential today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What does ongoing relationship building with stakeholders help businesses achieve?

Isolation from the market
Potential future crises
Stronger stakeholder commitment
Minimal stakeholder influence

The correct answer is: 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.