Advertisements
Advertisements
Question
Distinguish between Primary stakeholders and Secondary stakeholders.
Solution
| Primary stakeholders | Secondary stakeholders |
| Primary stakeholders have closer and more frequent interaction with the commercial organisation than secondary stakeholders. | Owners, employees, creditors, dealers and supplies are primary stakeholders whereas government, media, local community and general public are secondary stakeholders. |
APPEARS IN
RELATED QUESTIONS
The primary motive of any business is to earn profit with ______ welfare.
The primary stakeholders in a typical corporation are:
As an external stakeholder, what interest would a company's supplier have in a company?
Stakeholders who are involved in business firms from within the organisation are known as ______ stakeholders. They consist of owners' shareholders and employees of the organisation.
Radhika decide to build a new factory in the local area, what stakeholders would have an influence on this?
Which of the following are the external stakeholders in a company?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Board of Directors | i | Reasonable return |
| (b) | Society | ii | Freedom to manage |
| (c) | Employees | iii | Help weaker section |
| (d) | Employers | iv | Fair remuneration |
What do you understand by internal stakeholders?
What do you mean by external stakeholders?
Classify the six stakeholders of a firm into internal and external stakeholders.
