Asked by Daman Grewal on Sep 28, 2024
Which term best refers to the various groups of people or organizations that have an interest in the actions and success of a firm?
A) pillars
B) stakeholders
C) consumers
D) shareholders
Stakeholders
Individuals or groups that have an interest, stake, or investment in a company and can either affect or be affected by the business’s actions, objectives, and policies.
Shareholders
Individuals or entities that legally own one or more shares of stock in a joint-stock company.
Consumers
Individuals who purchase goods and services for personal use.
- Acknowledge the necessity of considering the concerns of multiple stakeholders in the planning of business strategy.
Learning Objectives
- Acknowledge the necessity of considering the concerns of multiple stakeholders in the planning of business strategy.
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