The Various Groups and Individuals Who Affect and Are Affected

question 45

Multiple Choice

The various groups and individuals who affect and are affected by a business are called ________.

• A)stockholders
• B)stakeholders
• C)owners
• D)managers

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Definitions:

Competitive Intelligence

The gathering and analysis of information about competitors, their activities, and industry trends to support strategic decision-making.

Canadian Standards Association

It is a standards organization which develops standards in 57 areas and provides certification and testing services to ensure the compliance of products to declared standards.

Safety Policies

Official documents outlining the procedures and guidelines to ensure the physical and psychological well-being of employees in the workplace.

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future conditions or events.