Quiz (graded)
Quiz (graded)
When you're ready, click on the button to start the quiz. Good luck!
Who are considered internal stakeholders in a business?
Fill in the missing word
Shareholders are people who have bought shares and own equity in a limited company.
Why is considering all stakeholder views important according to the stakeholder concept?
Fill in the missing word
Stakeholders include anyone with an interest in the business.
Employees are an internal stakeholder group of a business.
Fill in the missing word
Suppliers will be keen to keep selling as much as possible to the business and getting prompt payment, similarly, creditors will want interest to be paid and repayments to be kept up with.
Shareholders are very specifically those people who have bought shares and therefore own equity in a limited company, whereas stakeholders are a broader term describing anyone with an interest in the business.
How are internal stakeholders different from external stakeholders in a business?
What are some objectives that employees as internal stakeholders may have in a business?
Customers will want good value for money on their purchases, whereas society and the local community might be interested in employment opportunities presented and a sustainable business without causing issues like congestion and environmental damage.
How can a business navigate the challenges of implementing cost-cutting measures without negatively impacting employee morale and job satisfaction?
