3.1.4

Question 1

stakeholder

Answer 1

anyone with an interest in a business

Question 2

types of internal stakeholders

Answer 2

-owner
-manager
-worker

Question 3

types of external stakeholders

Answer 3

-customers
-suppliers
-governments
-local community

Question 4

impacts businesses have on stakeholders

Answer 4

-success affects number of people employed and how much they earn
-values of owners affects how well employees are treated
-way a business treats their suppliers affects their supplies

Question 5

impacts stakeholders have on a business

Answer 5

-employees may negotiate for better pay
-customers can stop buying products if they are unhappy
-local councils can refuse to cooperate with a business