1.4 - Stakeholders

Question 1

Managers

Answer 1

Control every day business within the company

Question 2

Employees

Answer 2

Job security and higher earnings

Question 3

Customers

Answer 3

To buy products from the business for it to generate profit

Question 4

Suppliers

Answer 4

Supply resources to be sold on

Question 5

Government

Answer 5

Give fair taxes for the business to survive

Question 6

Dividends

Answer 6

Financial rewards gave out to shareholders each year

Question 7

Negotiation

Answer 7

Occurs when 2 sides discuss what they want and try to reach a solution

Question 8

Stakeholder

Answer 8

individuals amd organisations that affect snd can be affected by activities of a business

Question 9

Owners / shareholders

Answer 9

Want high dividends and share price

Question 10

Local community

Answer 10

Want to minimise environmental impact

Question 11

How does business have an impact on stakeholders

Answer 11

1) The succes of a business will effect number of people employed and how much they earn
2) it can have an impact on local community

Question 12

How do stakeholders influence business

Answer 12

Negotiation
Direct action
Voting
Refusal to co-operate