Define the term external stakeholders.

Business
IGCSE&ALevel
CAIE
Exam No:9609_w24_qp_11 Year:2024 Question No:1(a)

Answer:



Knowledge points:

1.5.1.1 individuals or groups with an interest in the activities of a business
1.5.1.2 internal stakeholders and external stakeholders
1.5.1.3 the roles, rights and responsibilities of stakeholders
1.5.2.1 the impact of business decisions on stakeholders, and their reactions
1.5.2.2 the impact of stakeholder aims on business decisions
1.5.2.3 how and why a business needs to be accountable to its stakeholders
1.5.2.4 how conflict might arise from stakeholders having different aims and objectives
1.5.2.5 how changing business objectives might affect its stakeholders

Solution:

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