Unit 1.3 Flashcards
Who is a stakeholders?
Stake holders are people who affect or maybe affected by the business
Anyperson who may be intrested in the business
Who are Owners?
Owners are the people who own the business and have invested a large part of their money into the business
Who are Shareholder?
Shareholders are those who invest money in a business. They do not take any part in the management
What do share holders receive?
Dividend
Who are Directors?
They are appointed to a board of limited company and their job is to manage the business
What is the reward for Directors
Salary
Who are managers?
Managers are the below level of Directors and are involved in day to day running of business
Rewards of Managers
Salary
Who are producers?
Produce raw materials and goods and sell it to businesses
Who are Lenders?
People that lend business money
Why are lenders interested in success of business
So that the business pays back the loans with intrest
Why are Producers interested in success?
So that they can increase their selling prices
Why are owners interested in success of business?
Since they invested large money, time and reputation hoping to make profits
Why are shareholders interested in business success
to get a higher dividend
Why are managers interested in business success
to get a better salary
