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What are stakeholders ?
Anyone who has an interest in a business
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What are interal stakeholders
Are people within the business e.g.mager
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What are external stakeholders
People outside the business e.g.competitors
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What stakeholders maybe in conflict with each other
Managers and employees- the employees want a higher wage but the managers want to give them the minimum wage.
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Name a consumer rights legislation and what is its impact on a business
Consumer rights act 2015- the act states that the good must be as described, fit for purpose and satisfactory quality. The impact on the business is that they can't advertise something that doesn't look like the product you are selling.
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What are the advantages of social media to a business
Worldwide connectivity, targeted audience and market online for free
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How does legislation protect workers from discrimination
There are many more
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Other cards in this set

Card 2

Front

What are interal stakeholders

Back

Are people within the business e.g.mager

Card 3

Front

What are external stakeholders

Back

Preview of the front of card 3

Card 4

Front

What stakeholders maybe in conflict with each other

Back

Preview of the front of card 4

Card 5

Front

Name a consumer rights legislation and what is its impact on a business

Back

Preview of the front of card 5
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