Internal and External Stakeholders (Edexcel A-Level Business): Quizzes

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Internal and External Stakeholders
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What is a stakeholder in business?

Anyone who influences/is influenced by firm

Which group are internal stakeholders?

Owners, employees & managers

What are business owners' primary interests?

Financial returns & capital growth

What is a critical concern for most employees?

Job security

What is meant by managerial accountability?

Responsibility for own & subordinates' acts

What can shareholders do at the AGM?

Re-elect/dismiss directors & vote on decisions

What is trade credit from suppliers?

Buy now, pay later arrangements

What are multiplier effects for local communities?

Extra spending benefits local businesses

What is the government's dual role regarding business?

Supporter of business & regulator

Which are examples of environmental stakeholders?

Greenpeace & Friends of the Earth

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