Stakeholder theory recognizes that every business decision imposes costs on someone and mandated that those costs be acknowledged.
Costs are the amounts that a business incurs so as to form merchandise and/or give services. prices are necessary to business as a result of they are the issue that drains away the profits created by a business.They are the distinction between creating a decent and a poor gross margin.
Stakeholder Theory by Dr. F. Edward Freeman is an outlook of capitalism that stresses on the interconnected relationships between a business and its customers, suppliers, employees, investors, communities and others who have a hold in the organization. The theory argues that a firm should produce worth for all stakeholders, not just shareholders.
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