Unit 1 - Intro To People In Business Flashcards
1
Q
Business
A
Any organisation set up to provide goods and services
2
Q
2 types of business
A
Commercial - to make profit
Eg. Dunnes
Non commercial - reason other than profit
Eg. An Post
3
Q
Stakeholders
A
Different groups of people who are directly affected by how a business is run
4
Q
List the stakeholders
A
Entrepreneur Shareholders Managers Staff Suppliers Customers Government Local community
5
Q
Interest / pressure groups
A
Organisations that work on behalf of stakeholders
Eg. IBEC. And trade unions
6
Q
Types of relations between stakeholders
A
- competitive
- co operative
7
Q
Competitive relationship
A
Usually involves a win/lose scenario causing disputes
8
Q
Co operative relationship
A
A good win/win relationship between business + stakeholders
