Business Stakeholders
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt Play1/7
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai | Chat |
|---|
No analytics yet
Send a link to your students to track their progress
8 Terms
List all Stakeholders (7)
owners, managers, employees, customers, shareholders, suppliers, general community
What are Owners vested interests? (2)
they invest their time, money and effort to return a profit, the success of the business reflects their success
What are Managers vested interests?
they want the business to succeed to consolidate their own position and be fairly remunerated
What are Employees vested interests?
they seek fair pay, working conditions, job security, career paths and promotional opportunities
What are Customers vested interests?
they seek competitive prices and high quality products
What are Shareholders vested interests?
they invest their money in the business to earn dividends and hope to make gains on the value of their shares
What are Suppliers vested interests?
they seek to increase their revenue by earning profits from the materials they supply the business with
What are General Community vested interests?
they want the business to employee locals and reduce their impact on the environment