Unit 1

Question 1

Stakeholders

Answer 1

a group or organisation who has an interest in an enterprise.

Question 2

Customers and Consumers

Answer 2

• the customers buy the good and services of the enterprise
• They are normally strangers which have an interest in the company but also are other types of businesss and enterprises.

Question 3

Employers and Employess

Answer 3

• Employees are employed by the enterprise to help its activity in some ways.
• However they have to have ceratin skills to be employed such as knowledge.

Question 4

Suppliers

Answer 4

• They are businesses that provide certain resources so that enterprises can produce their goods and services.
• They need to have a good relationship between the suppliers and enterprise since they need to rely on eachother.

Question 5

Lenders

Answer 5

• Many businesses need to borrown funds from a financial instituition to stay in business.
• Enterprises need to know that they will be able to borrow money if necessary therefore the financial instituitions need to know that they will get there money back for the enterprise.

Question 6

Local business comunity

Answer 6

• Enterprises will employ people from the local community depending on the size of the enterprise.
• So there needs to be a good relationship between the enterprise and the local business community .

Question 7

The Local Government

Answer 7

Enterprises need to work closely with a variety of different agencies of local goverments.
- Example; planning applications