STAKEHOLDERS

Question 1

Government

Answer 1

want to reduce unemployment, so they would like local businesses to provide jobs for people.They also want the business to follow legislation laws and pay their taxes

Question 2

workers

Answer 2

Will want to see how much profit the business has made. If the business has high levels of profits, employees may be looking to increase in wages. Also, high profits mean that employees’ jobs are more secure.

Question 3

Customers

Answer 3

want value for money, good quality products and service.

-Customer needs: price, choice, convenience, quality.

Question 4

local community

Answer 4

Would be interested in finding a job or want noise, air pollution and traffic in the area to be low.

Question 5

suppliers

Answer 5

Will be interested whether the business can pay for its raw materials on time.Would like big orders from their customers(the firm) to increase revenue.

Question 6

managers

Answer 6

They want job security, further managerial career opportunities and good fringe benefits.

Question 7

shareholders(owners

Answer 7

Will want to see how much profit the business has made.-The more profits the higher their dividends. They will also want to know the value of their stake in the company.