Internal and External Stakeholders (Edexcel A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
Stakeholder meaning
Stakeholder meaning
Person/group influenced by or influencing business
Internal stakeholders
Internal stakeholders
Owners, employees, managers within the business
External stakeholders
External stakeholders
Groups outside business affected by its activities
Owners' main interests
Owners' main interests
Financial returns & capital growth
Employees' critical concern
Employees' critical concern
Job security
Trade unions' role
Trade unions' role
Represent employees collectively
Shareholders seek
Shareholders seek
Dividends & capital growth
Accountability definition
Accountability definition
Responsibility for actions & decisions
Trade credit meaning
Trade credit meaning
Buy now, pay later arrangements from suppliers
Multiplier effects
Multiplier effects
Extra spending benefits local shops/services