1.5 Flashcards
1
Q
Who are the main business stakeholders?
A
Owners
Suppliers
Customers
Local community
Employees
2
Q
What is the impact / influence of customers on businesses?
A
A business needs to adapt. In order to meet changing customer needs and wants
3
Q
What is the impact / influence of the local community on businesses?
A
Ethical issues can be raised by the local community causing problems for the business.
4
Q
What is the impact / influence of employees on businesses?
A
Happy employees work more effectively.
5
Q
What is the impact / influence of conflicts between stakeholders on businesses?
A
Conflicts between maximising profits and being environmentally friendly
