Stakeholders (Interactions with business)

Question 1

Managers

Answer 1

work for the business and devise strategic plans to run the business effectively.

Question 2

Government

Answer 2

enforce tax regulations

Question 3

Competitors

Answer 3

sells similar goods/services as the business

Question 4

Customers

Answer 4

buy goods/services from the business

Question 5

Suppliers

Answer 5

supply goods/services to the business

Question 6

Lenders

Answer 6

make money available to the business and expect it to be fully repaid with interest

Question 7

Owner & Shareholders

Answer 7

contribute capital to the business and expect profit distribution in return

Question 8

Employees

Answer 8

work for the business and perform executive duties