Answer the following: (v) "Stakeholder is any group of individuals which can effect or is affected by the organization." What are the types of stakeholders ?

The stakeholders may be classified into Primary and Secondary Stakeholders: Primary stakeholders are those whose continued association is absolutely necessary for a firm's survival; these include employees, customers, investors, and shareholders, as well as the governments and communities that provide necessary infrastructure. Secondary stakeholders do not typically engage in transactions with a company and thus are not essential for its survival; these include the media, trade associations, and special interest groups.