business stakeholder

Question 1

Internal stakeholders

Answer 1

have direct relationship with the bsuienss
managers, employees, owner

Question 2

stakeholder

Answer 2

froup/individuals who interact with the business and have a vested interest in its activites

Question 3

external stakeholders-

Answer 3

those who do not directly interact with the business but are affected somehow

suppliers, general community, customers

Question 4

3 internal stakeholders

Answer 4

owner

manager: person who has the responsibility for helping business to achieve the objectives of the business

employees: ppl who work for the business, who expect to be trainer and treated properly

Question 5

expectations of Internal stakeholders

Answer 5

Managers and employees want to be paid fairly, and be able to work in a safe environment. want higher wages so they can feel sense of interest to the business and be motivated.

owners: want to maximise profit the business makes as compensation for the risks they have take in owning or running the business

Question 6

External stakeholders

Answer 6

Customers- want the business to produce a wide range of quality products at reasonable prices. They also have an interest in regard to the safety of the goods and services produced.

The general community- has a stake in the business because it provides jobs, which generate economic activity within the community. They are also concerned about the impact that business operations have on the environment.

Suppliers -provide resources to a business that are used in the production process. They expect to be paid promptly and in full. Business’ expect to receive quality goods from suppliers and for suppliers to behave in a socially responsible manner.