Tricky questions and answers of Stakeholders in Commercial Organisation | Study Table

 COMMERCE

Stakeholders in Commercial Organisation

Questions:

1. Who are the stakeholders of a commercial organization?

Ans. A stakeholder is an individual / a group that has an interest in a company and can either affect or be affected by the business.

   Some common stakeholders of a commercial organization are:

    ~ Employees                               ~ Investors

    ~ Communities                           ~ Government

    ~ Shareholders                            ~ Customers

    ~ Creditors                                   ~Owners

2. Distinguish between internal and external stakeholders.

Ans.

 

 Internal Stakeholders:

• Internal stakeholders are people whose interest in a company comes through a direct relationship, such as employment, ownership, or investment.            

External Stakeholders:

• External stakeholders are those who do not directly work with a company but are affected somehow by the actions and outcomes of the business.

3. Discuss the External Stakeholders (any four).

Ans. Some common external stakeholders are:

• Customers: Customers want the business to produce quality products at reasonable prices.
• Shareholders: Shareholders have an interest in business operations since they are counting on the business to remain profitable and provide a return on their investment in the business.
• Creditors: Creditors that supply financial capital, raw materials, and services to the business want to be paid on time and in full.
• Suppliers: Suppliers need the business to continue buying their products to maintain their own profitability and financial health.

4. Give any four expectations of society from a business organization.

Ans. The four expectations of society from a business organization are:

•  Society expects business to be more tech-savvy.
• Society expects business to be time and cost-efficient.
• Society expects business to impart employment ship remotely.
• Society expects business to be accessible in remote places.

5. Give any five expectations of employees from a business organization.

Ans. The five expectations of employees are:

•  Fair remuneration in the form of wages and salaries.
• Safe and comfortable working environment.
• various welfare facilities such as housing, medical care, social security, health, etc.
• Opportunities for education, self-development, promotion, and career growth.
• Protection of trade union rights.

I hope you have understood the concept now.

For more clarity codes and videos visit my Youtube channel :

 https://youtube.com/channel/UC27TQ7zJKapHF78bwvi5iVw

For more Posts based on Commerce visit my Blog:http://studytable10.blogspot.com/

Also, join my telegram:https://t.me/studytable10

     Thanks!!