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In the context of business environment analysis, what does the term 'stakeholder
In the context of business environment analysis, what does the term 'stakeholder' refer to?
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In the context of business environment analysis, what does the term 'stakeholder' refer to?
Only shareholders of the company
Any individual or group affected by the company's actions
Competitors in the same industry
Government regulations
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Stakeholders include anyone affected by the company's operations, not just shareholders.
Questions & Step-by-step Solutions
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Q: In the context of business environment analysis, what does the term 'stakeholder' refer to?
Solution:
Stakeholders include anyone affected by the company's operations, not just shareholders.
Steps: 5
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Step 1: Understand that a business operates in an environment where many people and groups are involved.
Step 2: Identify who is affected by the business's actions and decisions.
Step 3: Recognize that stakeholders are not just people who own shares in the company (shareholders).
Step 4: Include other groups such as employees, customers, suppliers, community members, and government agencies as stakeholders.
Step 5: Conclude that stakeholders can influence or be influenced by the company's operations.
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