Stakeholders

Question 1

What are stakeholders

Answer 1

a person with an interest or concern in something, especially a business.

Question 2

Stakeholders have an 1.——— to the company but also have 2.——— on the company

Answer 2

1. Interest
2. Influence

Question 3

What is an example of an internal and external stakeholders

Answer 3

Internal: External:
Manager Customers
Owner Bank
Employees Government
Suppliers
L. community

Question 4

What is a manager’s influence and interest

Answer 4

Interest: Getting promoted
Influence: hiring and firing people

Question 5

What is a customer’s interest and influence

Answer 5

Interest: getting quality products/services
Influence: They control the popularity of the business

Question 6

What is the bank’s interest and influence

Answer 6

Interest:To ensure that the business can pay its loans off
Influence:They can accept or decline a loan

Question 7

What is the suppliers interest and influence

Answer 7

Interest: They want prompt payment
Influence: deciding the prices of their products

Question 8

What is the local community interest and influence

Answer 8

Interest: want firms to bring jobs to the area
Influence: protesting and petitioning if unhappy

Question 9

What is the government’s interest and influence

Answer 9

Interest: want firms to create jobs and wealth for the population
Influence: introducing or repealing laws that affect businesses

Question 10

What is an employee’s interest and influence

Answer 10

Interest: Want higher pay
Influence: providing good or bad customer service

Question 11

What is an owner’s interest and influence

Answer 11

Interest: Making a profit
Influence: changing management