External influences (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
ShowHide
Practise the questions
12 questions from this quiz
What are stakeholders?
What are stakeholders?
Individuals/groups with vested interest
Which of these is an internal stakeholder?
Which of these is an internal stakeholder?
Managers
What do owners/shareholders primarily seek from a business?
What do owners/shareholders primarily seek from a business?
Profitable returns on investment
What do managers typically desire from a business?
What do managers typically desire from a business?
Performance bonuses & career advancement
What do employees prioritise?
What do employees prioritise?
Fair wages, job security & good conditions
What do customers expect from a business?
What do customers expect from a business?
Good value, quality & excellent service
What do suppliers want from a business?
What do suppliers want from a business?
Consistent, regular orders
What does the government aim for regarding businesses?
What does the government aim for regarding businesses?
Low unemployment & competitive markets
What does the local community value from businesses?
What does the local community value from businesses?
Investment, jobs & limited pollution
What do pressure groups focus on?
What do pressure groups focus on?
Social, environmental or ethical issues
What happens when one stakeholder group is affected by a business decision?
What happens when one stakeholder group is affected by a business decision?
Ripple effects impact other groups
Why can't businesses easily satisfy all stakeholders simultaneously?
Why can't businesses easily satisfy all stakeholders simultaneously?
Stakeholder interests often conflict