Introduction to People in Business (LC 2026) (Leaving Cert Business): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
Co-operative stakeholder relationship
Co-operative stakeholder relationship
Parties work together for mutual benefit
Outcome of co-operative stakeholder relationship
Outcome of co-operative stakeholder relationship
Win-win situation
Competitive stakeholder relationship
Competitive stakeholder relationship
Parties don't work together, have different objectives
Outcome of competitive stakeholder relationship
Outcome of competitive stakeholder relationship
Win-lose situation
Dependent stakeholder relationship
Dependent stakeholder relationship
Parties need each other to be successful
Dynamic stakeholder relationship
Dynamic stakeholder relationship
Relationship that is constantly changing
Example of co-operative relationship
Example of co-operative relationship
Entrepreneur and investor working together
Example of competitive relationship
Example of competitive relationship
Two employees competing for same promotion
Example of dependent relationship
Example of dependent relationship
Consumers and producers needing each other
Example of dynamic relationship
Example of dynamic relationship
Competing businesses cooperating for town festival