Shareholders Of A Business Flashcards

1
Q

What are the stakeholders of a business?

A

Here’s a sentence to help remember those words:

Employees, owners, and shareholders serve customers while supporting the local community, government, pressure groups, suppliers, and schools.

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2
Q

What role do employees play as stakeholders?

A

They depend on the business for their jobs and income. they also carry out tasks efficiently to complete objectives

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3
Q

What role do owners/shareholders play as stakeholders?

A

They invest money in the business and expect dividends in return on the investment

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4
Q

What role do customers play as stakeholders?

A

They depend on the business for their supplies of goods or services at fair prices and in good condition

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5
Q

What role does the local community play as stakeholders?

A

They see the firm as a local presence and employer, adding to the community’s wealth

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6
Q

What role does the government play as stakeholders?

A

The government collects both local and central taxes from businesses and regulates the business’s ethical behavior.

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7
Q

What role do pressure groups play as stakeholders?

A

Pressure groups have an interest in what the firm does and may want to influence the firm in someway

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8
Q

What role do suppliers play as stakeholders?

A

They provide good quality supplies to the business at the best time and place while wanting the business to be successful and continue buying from them

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9
Q

What role do schools play as stakeholders?

A

Supported by local businesses that sometimes make donations of gifts or money to the school l

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