Question

A group of people who holds a direct stake in the firm is known asa.primary social stakeholders.b.secondary social stakeholders.c.primary nonsocial stakeholders.d.secondary nonsocial stakeholders.

Answer 1

Answer:

A. Primary Social Stakeholders

Explanation:

Primary social stakeholders are people directly benefiting from or affected by a particular business activity, which can be distribution of a product or a change to a service agreement, this people have a direct stake in the firm i.e. customers, employees, stockholders, creditors, suppliers, or anyone else with a financial interest in the product or situation of the firm.

Answer 2

Answer:

A

Explanation:

Primary social stakeholders

Primary social stakeholders are those who have a direct stake in a company, . A typical example are , the employees and investors who depend on a company’s financial success for their own are the primary social stakeholders. Other primary social stakeholders are customers, managers, suppliers local communities and business partners. In one way or the other they hold a direct stake in the company. Imagine if the supplief runs out of supplies for the company.