External Operating Environment 1.6 Flashcards
1
Q
What is a stakeholder?
A
A person or organisation interested in a business.
2
Q
What are the four main stakeholders?
A
Customers, suppliers, competitors and interest groups.
3
Q
What is a external operating environment?
A
Is an environment that is made up of other businesses that have a direct impact to the business.
Eg- suppliers, consumers and sponsors.
