GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employees
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Customers
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Trade Union
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Creditors/banks
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Detailed explanation-1: -A stakeholder has a vested interest in a company and can either affect or be affected by a business’ operations and performance. Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations.
Detailed explanation-2: -The easy way to remember these four categories of stakeholders is by the acronym UPIG: users, providers, influencers, governance.
Detailed explanation-3: -Internal (primary) stakeholders A company’s employees, managers and board of directors make up a business’s internal stakeholders. Employees of the company are invested in the company’s performance to ensure they continue to be paid and retain their jobs.
Detailed explanation-4: -Competitors are not considered to be a stakeholder.