BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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someone who has a stake in the business
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someone who has an interest in the business and has different demands on the business
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someone who holds a steak
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someone who owns the business
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Detailed explanation-1: -A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
Detailed explanation-2: -Stakeholders encompass all individuals or groups who have a vested interest in the performance of the business. It is vital that organisations build healthy and balanced relationships with their stakeholders, as their level of authenticity is determined by how well they meet their stakeholders’ demands.
Detailed explanation-3: -A stakeholder is a person, group or organization with a vested interest, or stake, in the decision-making and activities of a business, organization or project. Stakeholders can be members of the organization they have a stake in, or they can have no official affiliation.
Detailed explanation-4: -Company stakeholders are often interested in the outcome of a company because they are invested in it in some way. However, stakeholders may have varying interests, making it difficult for a business to satisfy each one. It is possible to have many different stakeholders, all with different interests in the business.
Detailed explanation-5: -Primary stakeholders (also known as key stakeholders) have the highest level of interest in the outcome of a project because they are directly affected by the outcome. They actively contribute to a project. These types of stakeholders include customers and team leaders.