A stakeholder is someone who takes interest in a business.
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Name 6 Stakeholders:
- Employees
- Owners
-Local community
- Customers
- Suppliers
- Government
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What effect does a business have on stakeholders.
- May need more employees from the local community
- Suppliers having increased orders
- Customers having a wider range of products
- Local community is happy that the business is eco friendly and as such the businesses reputation increases.
This can als
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What effect does owners stakeholders have on businesses?
See profit reducing costs also growing the business
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What effect does Employees stakeholders have on businesses?
Influences business activity by objecting or revolting or on a strike with work reducing productivity and sales but if you have good employees the business will be thriving.
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What effect does customers stakeholders have on businesses?
A business cannot survive without customers and if this stops the business will have to be forced to bend towards their ways in order to have profit .
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What effect does suppliers stakeholders have on businesses?
Suppliers can affect businesses by supplying them with the quality of goods which could affect the quality of the product.
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What effect does government stakeholders have on businesses?
- Changing taxation levels on businesses could change how much profit they get.
- Having laws in place that the business has to follow
- Spending - the government may spend more on transport or something else.
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Other cards in this set
Card 2
Front
Name 6 Stakeholders:
Back
- Employees
- Owners
-Local community
- Customers
- Suppliers
- Government
Card 3
Front
What effect does a business have on stakeholders.
Back
Card 4
Front
What effect does owners stakeholders have on businesses?
Back
Card 5
Front
What effect does Employees stakeholders have on businesses?
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