Stakeholders

Question 1

List 4 key stakeholders

Answer 1

Owners
Managers
Employees
Customers

Question 2

Describe the influence owners have on a organisation

Answer 2

Increasing or decreasing investment in the business will affect development of the business.

Make major decisions that affect direction and aims of the business

Question 3

Describe the influence managers have on a organisation

Answer 3

Making good management decisions and influencing the direction of the organisation

Question 4

Describe the influence employees have on a organisation

Answer 4

Providing good customer service that will give the business a good reputation.

Influence sales and profits of the business

Question 5

Describe the influence customers have on a organisation

Answer 5

Buying products and giving food recommendations that will increase sales and reputation

Question 6

List who owners may have a co flick with

Answer 6

Government
Employees
Suppliers

Question 7

Why may owners have a conflict with government

Answer 7

Government want high tax payments, minimum wage.

Owners want high profits & low costs

Question 8

Why may owners have a conflict with employees

Answer 8

Better pay and food working conditions

Question 9

Why may owners have a conflict with suppliers

Answer 9

Sell their goods at high pricesp