a. Stakeholder: A stakeholder is any individual, group, or organization that has an interest in or can affect or be affected by the activities, objectives, and policies of a business. Stakeholders can include both internal and external parties.

Internal Stakeholders:

1. Employees: Employees are crucial stakeholders as they are directly involved in the day-to-day operations of the company and are affected by its success or failure.
2. Managers: Managers play a key role in decision-making and steering the company towards its objectives. They are responsible for the efficiency and productivity of the company.
3. Owners/Shareholders: Owners or shareholders have a financial stake in the company’s success and influence major decisions through voting rights and governance structures.