Unit 1 - Intro To People In Business Flashcards Preview

Business > Unit 1 - Intro To People In Business > Flashcards

Flashcards in Unit 1 - Intro To People In Business Deck (8)
Loading flashcards...
1
Q

Business

A

Any organisation set up to provide goods and services

2
Q

2 types of business

A

Commercial - to make profit
Eg. Dunnes

Non commercial - reason other than profit
Eg. An Post

3
Q

Stakeholders

A

Different groups of people who are directly affected by how a business is run

4
Q

List the stakeholders

A
Entrepreneur 
Shareholders 
Managers 
Staff 
Suppliers 
Customers 
Government 
Local community
5
Q

Interest / pressure groups

A

Organisations that work on behalf of stakeholders

Eg. IBEC. And trade unions

6
Q

Types of relations between stakeholders

A
  • competitive

- co operative

7
Q

Competitive relationship

A

Usually involves a win/lose scenario causing disputes

8
Q

Co operative relationship

A

A good win/win relationship between business + stakeholders