An organization's employees, shareholders, board of directors, suppliers, distributors, creditors, unions, government, local communities, and customers are its

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BlackTom AI · Accepted Answer

This question asks you to identify the term that describes the group consisting of employees, shareholders, board of directors, suppliers, distributors, creditors, unions, government, local communities, and customers.
Option 1: 'target audience.' A target audience refers to a specific group of people a company aims to reach with its marketing messages, not the broader set of parties that influence or are affected by the organization’s actions. So this is not correct for the described group.
Option 2: 'organizational community.' While this term could be used informally to describe people connected to an organization, it is not the standard term used in business ethics or stakeholder theory to denote all interested or affected parties. Therefore, this is not the best match.
Option 3: 'stakeholders.' This is the conventional and precise label for all individuals and groups that have an interest in or are affected by the organization’s activities, including employees, investors, customers, suppliers, communities, and regulators. This aligns exactly with the described list.
Option 4: 'competitors.' Competitors are other firms operating in the same market and are not typically described as the organization’s stakeholders in this context. This choice misidentifies the relationship.
Option 5: 'stockholders.' Stockholders (or shareholders) are only a subset of the broader stakeholder group,namely the owners with financial stakes. They do not encompass all the listed parties, such as customers or communities, so this is too narrow.
In summary, the term that coherently covers employees, shareholders, board, suppliers, distributors, creditors, unions, government, local communities, and customers is the broader, standard concept of stakeholders.

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MKT*2500*02.2025FA Chapters 1 to 5- Requires Respondus LockDown Browser

An organization's employees, shareholders, board of directors, suppliers, distributors, creditors, unions, government, local communities, and customers are its

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MKT250002.2025FA Chapters 1 to 5- Requires Respondus LockDown Browser