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Question
Who are 'stakeholders'?
Solution
Stakeholders are individuals, organisations, social groups, and society as a whole who have a stake in the business. Stakeholders have an interest in the organisation. These stakeholders may range from a few individuals to major institutions such as the government. Thus, stakeholders can be internal or external to the company. A stake is a significant interest in the company or its operations. It can encompass ownership and property interests, legal obligations, and moral rights.
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