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Stakeholders
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| Question | Answer |
|---|---|
| Owners | Individuals or entities that hold legal ownership of a business. |
| Employers | Hire employees to complete work in return for a wage or salary |
| Employees | Work for a wage or salary |
| Entrepreneur | Spot a gap in the market and take the personal and financial risk pf setting up a business with the aim of making a profit |
| Suppliers | Provide the raw materials required by a business |
| Producers/Manufacturers | Turn raw materials into finished product to sell to consumers |
| Service providers | Business that supply services |
| Board of Directors | The governing body of a company, consisting of the most senior managers |
| Consumers | People who buy or use goods and services for personal use, rather then for business purposes |
| Local Community | People who live in an area where a business is situated |
| Government | The elected representatives and administrative bodies responsible for governing |
| Trade associations | Represent businesses involved in similar types of activities |
| Interest/pressure groups | An organisation that represent people with a common interest |