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Binder & Sons is considering buying out a competing firm and closing most of the competitor's factories. The firm has identified the various stakeholders and their issues and gathered the available data. Everyone with an interest in the issue has engaged in brainstorming and evaluating alternatives. Management reviewed and refined the alternatives, and then chose a course of action. If the managers are not confident about the decision, they should

lower their offering price for the competing firm.

reexamine their alternatives.

consult customers.

trust their instincts and move forward.

choose the least risky option.

Question $5(1$ point$)$

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Stakeholders typically include the firm's employees and their families, customer groups, members of the community, the environment, and the firm's partners, and competitors.

True

False