Main Stakeholders in a Business Flashcards
1
Q
why would a bank want to see a business plan?
A
financial viability of a business paying back a loan
2
Q
stakeholder
A
individual/ group/ organisation affected by a business and its operations
3
Q
owners
A
main stakeholders, own most share profit, make key decisions, objective is to maximise profit and add value to stakeholders and the firm
4
Q
suppliers
A
major stake holder, If business fails loses customer
5
Q
customers
A
main objective is for a business to deliver wanted products at standard expectations and to survive
6
Q
local community
A
business operations affects local community due to employment/ pollution/ economic activity
7
Q
employees
A
objective is for survival and growth, as wages and job security impacted by business
