Business Obectvies And Strategy

Question 1

Stakeholder

Answer 1

This is a person or party with an interest in the success of a business

There is internal and external stakeholders.

Internal are found within the business such as owners and employees including the managers and external are outside the business such as suppliers, lenders, customers and the local community

Question 2

Objectives of the stakeholders of a business

Answer 2

Owners- they want the best possible return on the money they have invested into the business