stakeholder - interdependance

Question 1

All stakeholders want the business to succeed and are dependent on each other to make this happen. For example:

Answer 1

• managers need suppliers to provide them with high quality stock when required and suppliers need managers to buy supplies from them to keep them in business

• owners need employees to work hard for them to help satisfy customers and increase sales and employees need owners to provide them with fair wages and good working conditions

• customers need owners to provide them with the goods and services they require, and owners need customers to buy their products