stakeholders Flashcards

1
Q

interdependence of owners snd employees

A

owners need employees to preform their best to increase sales and profits through work rate while employees need owners to make good decisions to keep the business profitable and their jobs safe.

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2
Q

interdependence of managers and employees

A

employees and managers need to work together to help the business succeed in order to keep their jobs secure.

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3
Q

interdependence of owners/managers and customer

A

owners need customers to buy their products and customers need a good quality of product and customer service from the owners of the business

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4
Q

interdependence of owners and suppliers

A

managers need suppliers to provide quality raw materials to improve quality of the finished product while suppliers need managers to keep buying from them and keep them in business

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5
Q

interdependence of owners and government

A

owners need government to make good decisions such as lowering taxes to improve spending power of customers and therefore sales. while governments need owners to create jobs

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