1.4 - stakeholders Flashcards
1
Q
dividends
A
the financial reward paid out to stakeholders each year
2
Q
negotiation
A
when 2 sides discuss what they want and try to reach a solution
3
Q
stakeholder
A
individuals and organisations that are affected by or affect the activities of a business
4
Q
employee wants….-2
A
higher wages and secure jobs
5
Q
owners want…-1
A
high dividends
6
Q
suppliers want…-2
A
long contracts and to be paid on time
7
Q
community wants…-1
A
responsible behaviour
8
Q
customers want….-2
A
low prices and/or higher quality
9
Q
government want…-2
A
legal behaviour and taxes paid
10
Q
direct action
A
customers stop buying products from a business because they don’t like their behaviour