1.4 - Stakeholders Flashcards
1
Q
Why might a business change their objectives
A
As the business grows they will be able to focus on other sectors of the business
2
Q
Examples of private sector organisations
A
Social clubs, Charities
3
Q
Examples of public sector organisations
A
Schools, Hospitals
4
Q
Benefits of a business being ethical
A
- Getting favourable media coverage
- Attracting customers, investors & employees
5
Q
What is market share
A
The market share measures the sales of one product or business as a percentage
6
Q
What is a stakeholder
A
Anyone who has a interest in the business and is effected by the choices of it
7
Q
Stakeholders of businesses
A
Owners
Employees
Customers
Suppliers
Local community
