Business objectives and Stakeholder Objectives

-- is an important business objective when the business has recently been set up or when the economy is in recession.

• survival

• profit

• growth of business

• service to the community

A main internal stakeholder group of a business is ___

• workers

• customers

• government

• bank

Which of the following pairs of stakeholder groups are likely to be in conflict between the desire to have lower prices and make higher profit?

• local community and bank

• customers and owner

• workers and owners

• managers and workers

A likely main objective for the ___ stakeholder group of a manufacturing business is lower pollution from the factory.

• local community

• bank

• customers

• workers

Business objectives give workers and managers a clear ___ to work towards.

• location

• target

• communication

• product

Social enterprises often have providing a service to the community as a business objective.

• True

• False

Consumers are an external stakeholder group.

• True

• False

Profit is the only business objective for a business to have.

• True

• False

Growth always ensures a higher market share for a business.

• True

• False

Workers and owners never have any conflicts between their business objectives.

• True

• False