Exploring Business Session 2 re-cap

What are the two types of stakeholders mentioned in the text?

• Primary, Secondary

• Profit, Not-for-profit

• Internal, External

• Local, National

Which of the following is not an example of an external stakeholder?

• Competitors

• Owners

• Lenders

• Suppliers

What is the responsibility of the Foreign & Commonwealth Office as mentioned in the text?

• Enforcing transportation regulations

• Managing local public services

• Providing education funding

• Promoting the UK economy

What are some of the interests of local communities in a business's success?

• Increasing competition

• Bringing jobs to the area

• Reducing transportation links

• Limiting communication with other businesses

Which of the following is an example of a pressure group mentioned in the text?

• Trade unions

• Doctors' association

• Animal rights activists

• Chambers of commerce

What is the influence of shareholders as stakeholders in a business?

• Owning the business

• Managing government regulations

• Providing raw materials

• Maximizing return on investment

What does Corporate Social Responsibility (CSR) involve?

• Improving society and the environment

• Maximizing shareholder profits

• Exploiting natural resources

• Reducing employee benefits

What is the purpose of the Marine Management Organisation's CSR strategy?

• To exploit natural resources

• To improve society and the environment

• To reduce employee benefits

• To maximize shareholder profits

What is the main focus of the video clip on stakeholders?

• Explaining the concept of stakeholders

• Discussing the history of stakeholders

• Promoting a specific stakeholder group

• Analyzing the impact of stakeholders

What is the role of customers as stakeholders in a business?

• Providing raw materials

• Maximizing return on investment

• Purchasing products or services

• Managing government regulations