- 1 Marks
Question
Consequent upon the global pandemic, a company is about to take a decision to shut down a food processing plant. The management will therefore best describe one of the stakeholder groups that has small power to influence its decision but has a strong interest on the issue as a group.
A. Of key players
B. With minimal effort
C. To keep satisfied
D. To follow intently
E. To keep informed
Answer
Answer: E. To keep informed
Explanation:
Stakeholders with low power but high interest are typically kept informed about business decisions. These stakeholders do not have enough influence to change decisions but are invested in the outcomes and therefore need updates.
- Tags: Business Environment, Pandemic, Stakeholder Management
- Level: Level 1
- Topic: The Business Environment
- Series: MAY 2022
- Uploader: Kwame Aikins