N5 Business Stakeholders

A manager is an external stakeholder

• True
• False

An employee is an internal stakeholder?

• True
• False

A customer is an internal stakeholder?

• True
• False

An internal stakeholder is:

• Supplier
• Bank
• Employee
• Local Community

The Government is interested in a business because:

• They will want to buy the products
• They want the business to comply with the law and pay taxes
• They want good quality products
• They want to be paid the money they are owed

Customers are interested in a business because:

• They want to be oaid they money they are due
• They want the employees to be paid a good salary
• They want the business to make the products they want at good prices
• They want to be paid a bonus

What influence does a manager have on the business?

• They may alter their workrate and take industrial action
• They may withdraw their investment
• They may make decisions which affect the business

What influence may Suppliers have on the business?

• They may change taxes
• They may protest about the business
• They may increase their prices
• They may choose not to buy the product or recommend it

What influence would customers have on a business?

• They may withhold their support and work.
• They may stop purchasing and make poor reviews.
• They may increase their prices and refuse trade credit.
• They may refuse to lend money to the business.

What influence would the local community have on the business?

• They may refuse trade credit.
• They may increase their prices.
• They may petition the business.
• They may refuse to loan any money to the business.