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.