2271357
Description
Flashcards by rebecca_ren , updated more than 1 year ago
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Created by rebecca_ren
over 9 years ago
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| Question | Answer |
| External Stakeholder | Do not form part of the organisation but have direct interest or involvement in the actions of the organisation |
| Suppliers | Provide a business with resources needed for production |
| Customers | very important in the retailing sector |
| Special Interest Groups (SIG) | An organisation that advocates certain issues e.g. animal cruelty |
| Trade Unions (labour unions) | Wages and salaries to rise in line with inflation (minimum wage) |
| Pressure Groups | Individuals with a common interest who seek to place demands on organisations to act in a particular way or to influence change in their behaviour |
| Industry Trade Groups | Organisations that specialise in public relations with the aim of promoting a particular industry |
| Local Community | Place demands on the businesses that operates in their community |
| Competitors | Rival businesses of an organisation |
| Government | Interested in business activities: - unfair business practices - health and safety standards - corporation tax - consumer protection laws |
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