Business stakeholders and their influence

Question 1

What are the 8 types of shareholders?

Answer 1

Owner, Customers, Employees, Suppliers, Local community, Government, Lenders, supply/ pressure groups

Question 2

What does the owner do?

Answer 2

They are internal
They manage a business
Aim for profits

Question 3

What do customers do?

Answer 3

They are external
Purchase products
Their demand is what the business aims for
Want to know how the product compares to other alternatives

Question 4

What do employees do?

Answer 4

They are internal
Use their skills to help achieve a businesses aims.
They are responsible for the business working efficiently

Question 5

What do suppliers do?

Answer 5

They are external

They provide the best good for the business that needs them.

Question 6

What do Local community do?

Answer 6

They are external
Provide feedback
Expect high quality goods

Question 7

What do governments do?

Answer 7

Regulate, legislate and tax businesses.
They are external.
Can affect suppliers

Question 8

What do lenders do?

Answer 8

Give financial support
External
They want a business to succeed so they can get their money

Question 9

What do interest groups/ pressure groups do?

Answer 9

They are external

Regulate and monitor business performance