Which group includes individuals not essential for a firm’s survival?

Prepare for the Maastricht Global Business Test with comprehensive quizzes. Leverage flashcards and multiple choice questions, each with hints and explanations. Ace your exam with confidence!

The correct answer is that secondary stakeholders are individuals or groups that are not essential for a firm's survival, but they do have an interest in the company and can influence its operations or policies. Secondary stakeholders typically include entities such as the media, special interest groups, and the broader community. While they can affect a company’s reputation and operational environment, their absence would not directly threaten the organization's existence as primary stakeholders would.

Primary stakeholders, on the other hand, are those whose direct involvement is vital to the company's continued functioning, including employees, customers, suppliers, and investors. These groups are essential for the survival and operational stability of the firm.

Internal stakeholders encompass individuals within the organization, such as employees and management, whose interests are tied closely to the firm's health and success. Managers and executives are also critical internal stakeholders who make decisions that directly impact the company’s outcomes.

In summary, secondary stakeholders play a supportive role rather than a life-sustaining one, making them the group that includes individuals whose presence is influential but not vital for the company’s survival.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy