1.5 Stakeholders in a Business Flashcards

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Stakeholders

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are groups or individuals who have an interest in a business.

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Authority

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Is the power or ability to carry through a task or action.

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Internal stakeholders

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are individuals and groups within a business; for example, employees.

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External stakeholders

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are groups outside a business; for example, people who live near to the business’ premises.

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Dividends

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are money that is paid out of profits to shareholders. It is a reward to the owners of the business.