Chap 1: People In Business Flashcards
1
Q
What is a stakeholder in a business?
A
Stakeholders are individuals and organisations that are affected by the actions, objectives, and policies of a business
2
Q
Give examples of stakeholders
A
- Entrepreneurs
- Investor
- Employer
- Employee
- Manager
- Producer
- Supplier
- Consumer
- Government
3
Q
What are the different types of relationships between stakeholders
A
- Competitive: Win/lose
- Co-operative: Win/win
- Dependant: Need one another
- Dynamic: Always changing
