Question

Tom's Shoes makes a profit from selling its shoes, provides free shoes to children in countries in need, encourages volunteers to be involved in donations of shoes, and creates long-lasting relationships between the company and customers. All of these are examples of how Tom's Shoes creates ___

Answer 1

Answer: Value of its stakeholders

Explanation: Tom's shoes is doing the charity work and also earning good profits from selling its product. Stakeholders refers to all those parties who will get affected due to operations of the business.

One of the stakeholders for every business entity is the society in which it resides in. Tom's shoes is creating value to one of its stakeholders by free distribution of its product to those in need .