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Question
What do you mean by external stakeholders?
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Solution
External shareholders are stakeholders who contribute to a firm from outside the corporation. The stakeholders include creditors, suppliers, dealers, competitors, the government, the local community, the media, and society.
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RELATED QUESTIONS
Internal stakeholders do NOT consist of ______.
Local community is an example of ______.
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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.
Individuals who provide physical and mental efforts for an organisation are known as ______.
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | External stakeholder | i | Shareholders, employees |
| (b) | Government | ii | Creditors, suppliers |
| (c) | Internal stakeholders | iii | Pay taxes on time |
| (d) | Not the stakeholders | iv | Customers |
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?
Classify the six stakeholders of a firm into internal and external stakeholders.
