1(C) Flashcards

1
Q

Stakeholders

A

Stakeholders are individuals, groups, or organisations who have a vested interest in the performance and activities of a business.

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2
Q

Owners

A

Owners are individuals who establish, invest, and have a share in a business, often with the goal of earning a profit from its operations.

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3
Q

Managers

A

Managers are individuals who oversee and coordinate a business’s employees and lead its operations to achieve the business’s objectives.

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4
Q

Employees

A

Employees are individuals who are hired by a business to complete work tasks and support the achievement of its objectives.

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5
Q

Customers

A

Customers are individuals or groups who interact with a business by purchasing and utilising its goods and services.

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6
Q

Suppliers

A

Suppliers are individuals or groups that source raw materials and sell them to a business for use in the production of its goods and services.

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7
Q

General community

A

The general community is the individuals and groups who are impacted by a business’s operations, which are are located in close proximity to the business.

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