The various groups who affect and are affected by the decisions and actions of a small business are called:
A)suppliers.
B)stakeholders.
C)minorities.
D)intermediaries.

Question

Quizplus · Accepted Answer

The term "stakeholders" refers to individuals or groups who have an interest or concern in a particular business, such as customers, employees, shareholders, government agencies, and the local community. They can both affect and be affected by the decisions and actions of the small business. Suppliers (A) are a specific group who supply goods or services to the business, while minorities (C) refer to demographic groups who may have specific concerns and interests but are not necessarily always stakeholders in a particular business. Intermediaries (D) are middlemen who facilitate transactions between buyers and sellers, and are not necessarily stakeholders themselves, although they may have an impact on stakeholders.

The Various Groups Who Affect and Are Affected by the Decisions