Stakeholder Relationships (Leaving Cert Business): Quizzes

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Stakeholder Relationships
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What are stakeholder relationships built on?

Mutual need

What type of situation do cooperative relationships create?

Win-win situation

When do competitive relationships occur?

When interests conflict or resources limited

What defines dynamic relationships?

Constantly changing based on circumstances

What do interdependent relationships involve?

Mutual benefit through collaboration

In entrepreneur-investor relations, what do investors provide?

Funding and business expertise

What often causes competitive tension between entrepreneurs and investors?

Profit reinvestment vs immediate returns

What do suppliers provide in cooperative business relationships?

Quality raw materials and finished goods

Which is a non-legislative method of resolving conflict?

Mediation

What does active listening involve?

Understanding viewpoints, not just waiting

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