Definitions
What term describes a person of company that has interest in the performance of a business
Stakeholder
This functional area of business is concern with creation of goods/services.
Production
Customers
These categories of persons are usually attached to the firm and depend heavily on its performance.
Internal Stakeholders
This area of business concerns itself with the well being of employees, they provide training and decides who gets hired.
Human Resources
I am part of a business and help to make decisions, plan, and coordinate the activities of others. Without me, the business might become disorganized. Who am I?
Manager / Management
Community, Government and suppliers are all examples of which type of stakeholders?
External
A business function that helps a company earn money by planning, controlling, and recording financial activities is called:
Finance
am someone whose job it is affected by business decisions, such as hiring, firing, or changes in schedules. Who am I?
Employee / Staff
Which stakeholder group provides money for the business to start or expand?
Investor
Answer the following using true or false
There are atleast three basic functional areas of a business
False
Here at CSHS, there are may stakeholders, Identify one external stakeholder?
Community
parents
A new supermarket opens in your community. Identify at least three different stakeholders and explain how each is affected by the business.
Customer - the business will provide goods/services needed
Employees- The business will provide an opportunity to earn
Government - will benefit from taxes earned from the business
Suppliers - the business provides more business for them
community - benefit from improved quality of life and access to products/services
Functional areas of a business is manifested as _________________ in a business.
Departments
Answer the following using true/False
All stakeholders have a financial interest in a business.
False