stakeholders Flashcards
1
Q
who are internal stakeholders?
A
people who are apart of the business and directly affected by its activities
2
Q
who are external stakeholders
A
such as customers who have needs of the business
3
Q
what are the owners interests?
A
business growth, best possible return on investment
4
Q
what are employees interests
A
highest possible wage, job security
5
Q
what are the governments interests?
A
business abides by law, grows and helps economy
6
Q
what are suppliers needs?
A
frequent orders
on time payment
7
Q
what are the advantages of business using social media
A
increase customer awareness
promotions
aids market research (use of surveys)
8
Q
disadvantages of business using social media
A
can be costly as requires IT support
privacy/security concerns
only restricted to certain types of social media
