stakeholders

Unique selling points(USP)

The key thing that makes your business stand out

Pressure groups

Groups that try to influence the owners of a business/government

5 factors affecting location

Availability of raw material, competition, costs, proximity to the market, Labour

Trade unions

External bodies that represent their employees

What is a stakeholder

Anyone who has an interest or is affected by the business

Examples of external stakeholders

Government, suppliers, local community

Examples of internal stakeholders

Employees, owner, shareholders

Market share

Percentage of a market controlled by a company or product

Aim

Overall purpose of the business+5 years experience and £50,000

Objective

Measurable target that helps meet the aim

Startup capital

Money to initially start up the business

Share capital

Money that shareholders put into the business

Incorporated

Separating the owner from the business

Not for profit organisation

Businesses that have objectives other than profit maximisation

dividend

Financial reward tjat shareholders receive

Why is the government a stakeholder

They Receive taxes from the business