The Four Outside Stakeholder Groups That Exert Important Direct Influences

question 7

Multiple Choice

The four outside stakeholder groups that exert important direct influences on an organization consist of:

• A)other organizations, suppliers, shareholders (owners), and customers.
• B)competitors, industry trade associations, non-profit organizations, and governmental agencies.
• C)senior management, the legal department, the marketing department, and other employees of the organization.
• D)politicians, regulators, minority groups, and consumer monitoring groups.

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Definitions:

Self-Protection

Actions taken by individuals or entities to mitigate or avoid risks to themselves.

Private Market

A market where transactions are made between private entities without significant government intervention or regulation.

Common Resources

Resources that are available to all individuals, such as air or public parks, but are susceptible to overuse and depletion because they are not privately owned.

Bluefin Tuna

A species of tuna known for its size, speed, and value, especially in sashimi and sushi dishes.