Advertisements
Advertisements
Question
What do you mean by external stakeholders?
Solution
External shareholders are stakeholders who contribute to a firm from outside of the corporation. The stakeholders include creditors, suppliers, dealers, competitors, government, local community, media, and society.
APPEARS IN
RELATED QUESTIONS
Write any two differences between Internal stakeholders and External stakeholders.
Local community is an example of ______.
The primary motive of any business is to earn profit with ______ welfare.
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?
Stakeholders who contribute to the business enterprise from outside the organisation are known as ______.
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 |
Classify the six stakeholders of a firm into internal and external stakeholders.
Distinguish between Primary stakeholders and Secondary stakeholders.