any individual/group who is affected by a business and has an interest in its activities.
1 of 9
examples of stakeholders?
Shareholders
Directors and Managers
Employees
Trade Unions
Customers
Suppliers
Government
The local community
2 of 9
what is the private sector?
businesses are owned by individuals and their main aim is to make profit
3 of 9
what are the aims of the public sector?
Increasing shareholder value
Survival
Growth
Market share I Increasing sales value
Behaving more ethically
4 of 9
what is the public sector?
businesses owned by the government, they get their money from taxes and their aim is to improve living standards for citizens e.g. tubes or hospitals
5 of 9
what is a public good?
Services provided exclusively by the Government, they have two features: Non-excludability and non-rivalry. E.g. street lighting
6 of 9
what is a merit good?
These are goods that bring wider benefits to society if they are consumed. They are undersupplied by the private sector so the government provides them as well. e.g. education or nhs
7 of 9
positive externalities
consumption has knock-on social benefits. E.g. school helps to get jobs
8 of 9
what is a shareholder?
owns part of a public company through shares of stock.
9 of 9
Other cards in this set
Card 2
Front
examples of stakeholders?
Back
Shareholders
Directors and Managers
Employees
Trade Unions
Customers
Suppliers
Government
The local community
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