Introduction to Business Flashcards
1
Q
Stakeholder
A
An individual or a group that is affected by or has an interest in the operations and objectives of a business.
2
Q
Types of stakeholders
A
Shareholders
Lenders
Directors/Managers
Employees
Suppliers
Customers
Community
Government
3
Q
Shareholders (Stakeholders)
A
Election of directors
4
Q
Lenders (Stakeholders)
A
Can withdraw loans and banking facilities
5
Q
Directors/Managers (Stakeholders)
A
Make decisions
Have detailed information
6
Q
Employees (Stakeholders)
A
Staff turnover
Industrial action
Quality of production
7
Q
Suppliers (Stakeholders)
A
Pricing
Quality
Product availability
8
Q
Customers (Stakeholders)
A
Revenue for business
9
Q
Community (Stakeholders)
A
Local planning
10
Q
Government (Stakeholders)
A
Regulation
Subsidies
Taxation
Planning
