BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stakeholders
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Suppliers
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Employees
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Costumers
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Detailed explanation-1: -The answer is (D) Stakeholders. Stakeholders are all the individuals, societies, institutions, and other entities that can influence a given organization or remain under its influence.
Detailed explanation-2: -Stakeholders can affect or be affected by the organization’s actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
Detailed explanation-3: -Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations. An entity’s stakeholders can be both internal or external to the organization. Shareholders are only one type of stakeholder that firms need to be cognizant of.
Detailed explanation-4: -Internally, key stakeholders include shareholders, business units, employees, and managers.