Column 1
Name one stakeholder beginning with the letter L
Local Community
Which stakeholder purchases goods and services for their own use?
Consumer
Dynamic, co-operative and competitive relationships exist between stakeholders. Name one other type of relationship.
Dependent
What is the term used to describe when consumers refuse to buy from a business as they are dissatisfied with the business?
Boycotting
Name one stakeholder that begins with the letter G.
Government
Name one organisation that provides grants to entrepreneurs.
LEO / Enterprise Ireland
Paid per hours worked / tasks completed
Name two types of risks taken by an entrepreneur when setting up and running a business.
Financial risk
What is the name of the share of the profits received by shareholders of a business?
Dividend
Insurance and delivery are examples of which type of stakeholder?
Service providers
What do the letters IBEC stand for?
Irish Business and Employers Confederation
What do the letters SIMI stand for?
Society of the Irish Motor Industry
What do the letters CSR stand for?
What do the letters IFA stand for?
Which stakeholder has skills and knowledge to help to run the business?
Employee
Transforms raw materials during the production process into finished goods
Define a supplier.
Provides the business with the raw materials needs to produce goods
Lobbying, boycotting, negative publicity campaigns
Which interest group would lobby the government against an increase in the minimum wage?
Ibec / ISME
Sponsoring an event in the local area is an example a co-operative relationship between which stakeholders?
Business and the Local Community
Describe a competitive relationship between the employer and employee.
Employer - makes people redundant
Employees - fear for their job security + are less motivated and less productive
Business and business
Producer and producer
Supplier and supplier
Service provider and service provider
Producer and consumer
What is the term used to describe a situation where competitors in the same line of business cut prices in order to increase this market share?
Price war
Describe a competitive relationship between a business and the local community.
Business - noise / air pollution
Local community - protests / petitions against the business