1(C) Flashcards
Stakeholders
Stakeholders are individuals, groups, or organisations who have a vested interest in the performance and activities of a business.
Owners
Owners are individuals who establish, invest, and have a share in a business, often with the goal of earning a profit from its operations.
Managers
Managers are individuals who oversee and coordinate a business’s employees and lead its operations to achieve the business’s objectives.
Employees
Employees are individuals who are hired by a business to complete work tasks and support the achievement of its objectives.
Customers
Customers are individuals or groups who interact with a business by purchasing and utilising its goods and services.
Suppliers
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.
General community
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.