Stakeholder Needs (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a stakeholder?
What is a stakeholder?
Any individual/group with business interest
Which of these is NOT listed as a key need of employees?
Which of these is NOT listed as a key need of employees?
Dividends from company profits
What do customers primarily need from a business?
What do customers primarily need from a business?
Good customer service & value for money
What are the two main needs of shareholders?
What are the two main needs of shareholders?
Capital growth & dividends
What do suppliers need from businesses?
What do suppliers need from businesses?
Regular orders & on-time payment
In Mendelow's matrix, which stakeholders are the most important to manage?
In Mendelow's matrix, which stakeholders are the most important to manage?
Key players (high power, high interest)
How should businesses manage stakeholders with low power but high interest?
How should businesses manage stakeholders with low power but high interest?
Engage & consult with them regularly
Where do major shareholders in a plc typically fit in Mendelow's matrix?
Where do major shareholders in a plc typically fit in Mendelow's matrix?
Key players
If a UK firm relocates production overseas, who typically benefits?
If a UK firm relocates production overseas, who typically benefits?
Shareholders (lower costs, higher profit)
What is a key strategy for managing stakeholder conflicts?
What is a key strategy for managing stakeholder conflicts?
Communicate transparently about decisions