Which of the following is NOT typically considered a stakeholder in a business?

Prepare for the Edexcel AS/A‑Level Business Theme 3 Exam. Engage with multiple choice questions and detailed explanations. Enhance your understanding and get exam ready with our comprehensive resources!

Competitors are not typically considered stakeholders in a business because they do not hold a direct interest in the company's operations, performance, or decisions. Stakeholders are individuals or groups that have a vested interest in a company's activities and can be affected by its decisions; they include customers, suppliers, and employees.

Customers are stakeholders as they influence and are influenced by the company's products and services. Suppliers are also stakeholders since their relationship with the business affects their own success and stability. Employees have a direct stake in the company as their job security and satisfaction depend on the company's performance. In contrast, competitors do not have a direct stake in the stakeholder dynamics or the internal operations of the business; rather, they represent alternative options for customers and compete for market share.

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