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Business

GCSE · Edexcel

QuestionsFlashcards

2.1 Growing the Business
2.2 Making Marketing Decisions
2.3 Making Operational Decisions
2.4 Making Financial Decisions
- Business Calculations
  6
- Understanding Business Performance
  8
2.5 Making Human Resource Decisions

3.1 The Exam Papers
- Paper 1: Investigating Small Business
  6
- Paper 2: Building a Business
  6
3.2 Business Exam Skills
3.3 Structuring Your Responses

Business Stakeholders Flashcards

All 5 cards in this deck

What is a stakeholder?: Any individual or group with an interest in, or affected by, the activities of a business.
Name the main stakeholder groups of a business.: Shareholders (owners), employees, customers, managers, suppliers, the local community, pressure groups and the government.
How can a pressure group impact a business's activities? e.g. a group campaigning about a factory's pollution: It creates negative media coverage, pressuring the business to change — the factory may reduce its environmental impact to protect its brand.
Give one possible conflict between shareholders and employees.: Shareholders want higher profits so may want wages kept low, while employees want higher pay.
True or false? The local community is a stakeholder of a business even if it does not buy anything from it.: True. It is affected by things such as jobs created, traffic, noise and pollution.