stakeholders in buisness Flashcards
yr10
1
Q
What are some types of stakeholders?
A
- employees
- customers
- suppliers
- government
- local community
- owners
2
Q
what is a stakeholder?
A
anyone who has an interest in a business
3
Q
Why is an employee a stakeholder?
A
- employees might benefit from a pay rise if business goes well
- if not treated well can take industrial action.
4
Q
Why is a customer a stakeholder?
A
- can boycott a business
- if businesses put prices up customers may not go there as much.
5
Q
Why is a supplier a stakeholder?
A
- if a business does well they will buy more stock from suppliers so suppliers make more money.
- suppliers can refuse to pay business if they do not pay them promptly.
6
Q
Why is the government a stakeholder?
A
- government can introduce new laws which affect businesses
- give tax to businesses
7
Q
Why are the local communities a stakeholder?
A
- locals can protest against a business and discourage it from doing something.
8
Q
Why are owners stakeholders?
A
- owners get profit if business does well.
- owners have a large influence over business and decide how it runs.
