Why do businesses exist?
- Mainly to make a profit
- Provide a good service (Mostly companies in the public sector)
- Growth/Expansion
What are stakeholders?
- Stakeholders are any people or groups of people who have a interest in the business, they can often be outside the business itself.
Why are stakeholders important?
- The main reason is that the stakeholders or the shareholders can sack the directors and sell the business to someone else.
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