Final answer:
The retail outlet can attempt several remedies to improve profitability in order to meet the expectations of its organizational stakeholders, such as closing stores, changing the top management team, and seeking potential buyers.
Step-by-step explanation:
The retail outlet can attempt several remedies to improve profitability in order to meet the expectations of its organizational stakeholders. This includes closing stores, changing the top management team, and seeking potential buyers.
The organizational stakeholders refer to the individuals or groups that have a direct interest or involvement in the retail outlet, such as the owners, employees, and customers. These stakeholders have expectations regarding the profitability of the retail outlet.