Which would be classified as a stakeholder?
A. Communities
B. Banks
C. Suppliers
D. Communities Banks Suppliers
Answer: Option D
Solution (By Examveda Team)
Communities Banks Suppliers would be classified as a stakeholder. A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve.This Question Belongs to Management >> Strategic Management
Hi, I am curious to know, why communities, suppliers, and banks can't be stakeholders? As per my knowledge, there can be both internal, and external stakeholders, who has interest in a particular business, who can affect a business, and gets affected by a business. Please enlighten me on this..