BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is meant by the term ‘Stakeholder’?
A
A person who is not related with a business.
B
A person who is related with a business.
C
A person who owns a business.
D
A person who purchases the shares of a business.
Explanation: 

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: -: a person entrusted with the stakes of bettors. : one that has a stake in an enterprise. 3. : one who is involved in or affected by a course of action.

Detailed explanation-3: -Definition of a Stakeholder A stakeholder is any person, organization, social group, or society at large that has a stake in the business. Thus, stakeholders can be internal or external to the business. A stake is a vital interest in the business or its activities.

Detailed explanation-4: -Stakeholders are. People who can influence the behaviour of businesses. Individuals, groups or organizations that are affected by the behaviour of businesses.

Detailed explanation-5: -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.

There is 1 question to complete.