The definition of a stakeholder in a private sector business is:
A) Just the owners and managers of the business
B) Just the owners, managers, and employees
C) The owners, managers, employees, and customers
D) Any individual or group that is affected by a decision of the business

Question

Quizplus · Accepted Answer

Stakeholders in a private sector business encompass a wide range of individuals or groups that are affected by the business's decisions, not just the owners, managers, employees, and customers, but also suppliers, creditors, the community, and even competitors. This broad definition recognizes the interconnectedness of businesses with their wider environment and the various interests that can be impacted by business activities.

The Definition of a Stakeholder in a Private Sector Business