1.4 Stakeholders

Question 1

Stakeholder

Answer 1

Anyone that has an interest in a company

Question 2

Customers

Answer 2

People who buy products or services from the business

Question 3

Employees

Answer 3

Staff who carry out the day-to-day work of the business.

Question 4

Shareholders and owners

Answer 4

In a public limited company (PLC), these are people who influence the business’ aims, objectives and strategic activities. In a limited company (LTD), these are people who make business decisions but need to agree them with the other shareholders. Shareholders are part owners of a private or public limited company.

Question 5

Suppliers

Answer 5

Other businesses and organisations that provide products or services to the business, eg a utility company that supplies it with electricity, or a business that provides the seats used when producing a car.

Question 6

Local community

Answer 6

People, organisations and businesses that live or are located in the area around the business.

Question 7

Government

Answer 7

The business will make tax payments to both local and central government.