Advertisements
Advertisements
Question
Which of the following statement is true in the context of customer?
Options
Having business stake
Do supply capital
Do take risks
Do not share profits
Advertisements
Solution
Do not share profits
Explanation:
Customers purchase goods or services from a business. They do not have a business stake or supply capital, nor do they take risks in the operation of the business. They also do not share in the profits of the business.
RELATED QUESTIONS
"They assume greater risk of loss of capital," this is degree of risk estimated by ______.
"They are the members of the company, having voting rights also", who are they?
Which of the following statement is true?
Distinguish between a shareholder and a creditor.
Distinguish between shareholders and customers.
Give any five points of difference between stakeholders and customers of a company.
Why customer is not a stakeholder in a firm?
Who are customers?
The customer is the foundation of business and keeps it in existence, but they are not the stakeholders of the firm. Why?
Explain the expectations of customers from a firm.
