1.5 Types Of Stakeholders

Question 1

International stakeholders (3p)

Answer 1

Shareholders
Employees
Manager

Question 2

External stakeholders (5p)

Answer 2

Customers
Supplier
Local community
Pressure groups
Government

Question 3

Shareholders

Answer 3

• Someone who has shares in the business
• owns part of the business

Question 4

Stakeholder objectives (2p)

Answer 4

Maximum profit
Long term growth

Question 5

Employees

Answer 5

Work in the business

Question 6

Employee objectives (2p)

Answer 6

Good salary
Job security

Question 7

Manager

Answer 7

Manages employee in the business

Question 8

Managers objectives (2p)

Answer 8

Good salary
Career progression

Question 9

Customer

Answer 9

Someone who buys the product or service from the business

Question 10

Customer objectives (2p)

Answer 10

Good quality
Reasonable prices

Question 11

Supplier

Answer 11

Provides business with stock

Question 12

Supplier objectives (2p)

Answer 12

Paid on time
Regular orders

Question 13

Local community

Answer 13

People who live around the business

Question 14

Local community objectives (2p)

Answer 14

Employment opportunities
Respect for the local area

Question 15

Pressure groups

Answer 15

Groups with common interests who want the business to change

Question 16

Pressure group objective

Answer 16

Increase awareness of their cause

Question 17

Government

Answer 17

Want business to pay taxes

Question 18

Government objectives (2p)

Answer 18

Create jobs
Collect taxes

Question 19

Inland revenue conflict

Answer 19

-With the business owner/shareholders and customers
-They are taking a lot of money from the public