Stake Holders

Description

Revision for Year 10 BTEC business
Jaiden Butch
Flashcards by Jaiden Butch, updated more than 1 year ago
Jaiden Butch
Created by Jaiden Butch almost 8 years ago
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Resource summary

Question Answer
What is a stake holder? Someone who has a concern/interest in the business.
What is stake holder conflict? It is were different stakeholders have different objectives in the business, one might want more profit and the other might want more pay.
What is the conflict between suppliers and owners? Owners want more profit and they want to pay as little as possible to the suppliers. Whereas suppliers want more cash and they don't really care about the profit of the business.
What is the conflict between employees and managers? Employees want more wages so they get paid more, when management want more profit for the business and want them to have as little pay as possible.
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