Parties who are affected by the business and its actions and who have an interest in what the business does and how it performs are called _______.
A) stakeholders
B) large customers
C) community committees
D) government parties

Question

Quizplus · Accepted Answer

The term stakeholders refers to all individuals or entities that have an interest in the business's activities and outcomes, including employees, customers, suppliers, shareholders, creditors, and the community at large. These parties have a vested interest in the business's success and can be affected by its actions and decisions. Therefore, it is essential for businesses to identify and manage the needs and expectations of their stakeholders effectively. The other options, such as large customers, community committees, and government parties, do not encompass all the relevant parties that are considered stakeholders in a business.

Parties Who Are Affected by the Business and Its Actions