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Which one of the following best describes the owner of a business? Select one answer - Edexcel - GCSE Business - Question 2 - 2017 - Paper 1
Question 2
Which one of the following best describes the owner of a business? Select one answer. A Internal stakeholder B Manager C External stakeholder D Employee
Worked Solution & Example Answer:Which one of the following best describes the owner of a business? Select one answer - Edexcel - GCSE Business - Question 2 - 2017 - Paper 1
Step 1
Which one of the following best describes the owner of a business?
Answer
The owner of a business is best described as an Internal stakeholder. Internal stakeholders are individuals or groups who are directly involved in a business's operations and have a vested interest in its success. This includes owners, shareholders, and employees. Choosing option A reflects this understanding as the owner plays a crucial role in decision-making and governance.