Question

What is the term used to describe individuals or organizations that are influenced by the actions of a firm?

Short answer

Stakeholders are a term used to describe individuals or organizations that are influenced by a firm's actions. Stakeholders are those who are influenced by a firm's management and have an interest in it. Individuals or organizations whose behaviors are influenced by the firm's actions are referred to asstakeholders.

Step-by-step solution

Introduction

The employees, suppliers, the board of directors, investors, and shareholders are some of the individuals that are influenced by the actions of a firm.

Analyze

Stakeholders are a term used to describe individuals or organizations that are influenced by a firm's actions.

Stakeholders are those who are influenced by a firm's management and have an interest in it. Suppliers, workers, consumers, and investors are the company's key stakeholders. Individuals or organizations whose behaviors are influenced by the firm's actions are referred to asstakeholders.