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6. What is a Stakeholder?
- The more influential people within a business
- Another business taking over a different existing business
- An individual that is interested in the actions and success of a particular business
- Where different tyoes of people each have a share in a business
- What role the Government plays in the decision making of a business
7. What is a Veblen good?
- A good that is purchased with another good and compliment eachother
- Goods that have snob value and demand usually stays high for regardless of the price
- A good where demand increaseswhen price decreases
- A good which people desire to have but can also do without
- A good where demand decreases when price increases