stakeholders

stakeholders

Employees
1. if the business isn't profitable they do not have job security
  1. may receive bonuses if the business is successful
    1. a successful business is more likely to invest money in training its employees
customers
1. a successful business is less likely to cut corners and buy cheap materials
  1. if a business can expand the prices may be less. for example if a company could buy 1 role of fabric for £150 or 10 for £120 each which would mean since it costs less they can charge less
    1. for example a company could buy 1 role of fabric for £150 or 10 for £120 each
      1. which would mean since it costs less they can charge less
owners
1. profit (after tax) belongs to the owners
  1. get more money if the business is successful
    1. if the business is a limited company the owners are known as shareholders
the Local community
1. a successful business will likely employ more people
  1. offers job opportunities to local people
    1. may support or sponsor local organisations
creditors
1. creditors are people who the business owes money to.
  1. if the business cant afford to pay the creditors they lose out

Resource summary

	Created by danny . about 8 years ago