5 - Stakeholders in a business

Question 1

Define trade union

Answer 1

an organisation of working people with the objective of improving the pay and working conditions of its members and providing then with support and legal services

Question 2

Define stakeholder

Answer 2

individuals or groups who can be affected by, and have an interest in, any action taken by the organisaion

Question 3

Define external stakeholders

Answer 3

individuals or groups who are separate from the business but are affected by or interested in its operation

Question 4

Define internal stakeholders

Answer 4

individuals or groups who work within the business, or own it and are affected by the operations of the business