stakeholders in business

Question 1

explain the effect business activity can have on an employee?

Answer 1

if a buisness does well
- could get payrise
- promotion
OR
- buisness close down
- fired

Question 2

What is a stake holder

Answer 2

someone who has interest in a company

Question 3

What effect can employees have in a buisness?

Answer 3

• can take industrial action if not treated well
• including going on strike

Question 4

explain the effect business activity can have on a customer?

Answer 4

if a buisness:
- puts prices up (customers may not be able to afford)

• gets a new store (could potentially mean more customers)

Question 5

what effect can a customer have on a business?

Answer 5

customers can:
- boycott a buisness
- leave bad reviews
(which could both damage the sales and profit of the buisness)

Question 6

explain the effect business activity can have on an supplier?

Answer 6

if buisness does well
- they will need to buy more stock
- they will expect better deals from suppliers

Question 7

what effect can a supplier have on the buisness?

Answer 7

• can refuse to supply if buisness do not pay enough
• can charge interest if invoices are paid late

Question 8

explain the effect business activity can have on goverment?

Answer 8

• goverment are a stakeholder as:
• ## they recieve tax on profits

Question 9

what effect can the goverment have on a buisness?

Answer 9

• ## could introduce new laws

Question 10

explain the effect business activity can have on the local community?

Answer 10

• providing goods and service and jobs
• could create more noise,light pollution

Question 11

what effect can the local copmmunity have on a buisness?

Answer 11

• ## could protest against buisness to discourage it from doing something

Question 12

explain the effect business activity can have on an owner

Answer 12

• if buisness is succesfull
• owener gets saisfaction
• share of profits
• if buisness fails owner could lose money