Stakeholders (Busuiness In The Real World)

Question 1

What is a stakeholder?

Answer 1

It is an individual or oganisation that is affected by, or has an interest in, the activites of a business

Question 2

Which of the following stakeholders is most likely to have the objective of recieving high dividend payments?

Employees
Suppliers
Shareholders
Customers

Answer 2

Employees

Question 3

What would represent a stakeholder objective of a customer?

Answer 3

Good quality products that reflect the selling price

Question 4

Reducing congestion and pollution created by a local factory is most likely to be the objective of:

Customers
Local community
Suppliers
Employees

Answer 4

The local community

Question 5

Why would the local community be a stakeholder

Answer 5

They are concerned with the local environment, infrastructure; the impact the business has on jobs and prosperity on the local area

Question 6

Why is the local community so important to a business?

Answer 6

In a company that values the local community and participates in it, employees are supportive of each other. They are also more trusting and willing to communicate with each other, regardless of departments and hierarchies.

Question 7

How do local communities influence a business?

Answer 7

They protest or object through the local council