Question
What makes a business's poor public image a long-term disadvantage even if not reflected in financial statements?
Reputation doesn't matter once the business is sold
Negative sentiment can erode future relationships and loyalty
Employees can quickly repair the public image
It can be corrected by offering discounts
Reputation doesn't matter once the business is sold
Negative sentiment can erode future relationships and loyalty
Employees can quickly repair the public image
It can be corrected by offering discounts
Answers
GPT-4o mini
The most accurate statement regarding why a business's poor public image can be a long-term disadvantage, even if not reflected in financial statements, is:
**Negative sentiment can erode future relationships and loyalty.**
A poor public image can lead to a loss of trust among customers, partners, and stakeholders, which can have lasting effects on future interactions and business opportunities. It can also hinder customer retention, employee morale, and recruitment efforts, thus impacting the overall health of the business in the long run.
**Negative sentiment can erode future relationships and loyalty.**
A poor public image can lead to a loss of trust among customers, partners, and stakeholders, which can have lasting effects on future interactions and business opportunities. It can also hinder customer retention, employee morale, and recruitment efforts, thus impacting the overall health of the business in the long run.