Business revision

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What are stakeholders?
Someone who has an interest in the business.
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Give 3 examples of internal stakeholders.
Owner, staff, shareholder, manager
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Give 3 examples of external stakeholders.
Customers, suppliers, the government, local community,
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What role do customers have in the business?
They prevent the business from going "bust" and help make them sales and profits.
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What are shareholders?
People who are interested in the business and invest money into it for shares which will gain them profit if successful.
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What happens to the suppliers if the business closes?
They loose out on sales, could lead to closure for them too if thats their only source of income. Lose work if the business closes.
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Other cards in this set

Card 2

Front

Owner, staff, shareholder, manager

Back

Give 3 examples of internal stakeholders.

Card 3

Front

Customers, suppliers, the government, local community,

Back

Preview of the back of card 3

Card 4

Front

They prevent the business from going "bust" and help make them sales and profits.

Back

Preview of the back of card 4

Card 5

Front

People who are interested in the business and invest money into it for shares which will gain them profit if successful.

Back

Preview of the back of card 5
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