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chapter1 strand 1

QuestionAnswer
Entrepreneur gap in market- take on personal+ financial risks- 19-year-old- raised 3m funding for startup
investor provides financial support in exchange for (equity) ownership-live act venture capital- provides funding
interest groups represents common viewpoint, particularly groups of stakeholders- pressure groups- small firms association (SFA) lobbied the government for small business
Co-operative relationship mutually benefit-common goals-win win situation
Competitive relationship needs or wants of different stakeholders- needs or wants clashing with each other
Arbitration independent third party- listens to both sides of dispute
Consolidation third party that facilities and opens communication between the parties
Created by: alex-dog
 

 



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