Stakeholders

Question 1

Stakeholder

Answer 1

Someone who affects or is affected by a business

Question 2

Owners

Answer 2

Their decisions directly impact the whole business. The profits of a business effects their dividends.

Question 3

Employees

Answer 3

Want rewards for their efforts so they might work harder or demand higher pay. Their salary effects them directly.

Question 4

Suppliers

Answer 4

Rely on other businesses to make profit. Their prices effect a business.

Question 5

Community

Answer 5

Might want a business to behave responibly so the business will work to satisfy the community. Members of the community might be employed at the business.

Question 6

Government

Answer 6

Want businesses to succeed to help the economy and trade. Businesses are effected by tax rates

Question 7

Customers (as stakeholders)

Answer 7

Prices effect what they want to buy. Their willingness to buy a product or service can determine how much profit a business makes

Question 8

Consumers (as stakeholders)

Answer 8

Changes to a product or service will effect their satisfaction. Their demands effect the business.

Question 9

Dividends

Answer 9

Yearly payments given to shareholders.

Question 10

Managers

Answer 10

Can demand higher pay, want job security, control of their branch ect. They are employed by the business.