BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are connected stakeholders to an organisation? (i) Employees (ii) Suppliers (iii) Managers (iv) Customers
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(i) and (iii)
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(i) and (iv)
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(ii) and (iv)
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(ii) and (iii)
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Explanation:
Detailed explanation-1: -In business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. Common examples of stakeholders include employees, customers, shareholders, suppliers, communities, and governments.
Detailed explanation-2: -As a general rule, stakeholder priority can be divided into three levels. The first and most important comprises employees, customers, and investors, without whom the business will not be able to operate. Secondary to them are suppliers, community groups and media influencers.
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