Stakeholders and Business Relationships

The stakeholders who have the right to information and should not be misled with false advertisements.

• Creditors

• Customers

• Environment

• Suppliers

They are the providers of raw materials and resources of the business that need to be paid on time and given fair treatment during price negotiations.

• Creditors

• Government

• Shareholders

• Suppliers

They provide additional capital for the business and therefore, should be provided with correct and updated information to enable them to assess the company's ability to pay loans when it falls due.

• Creditors

• Customers

• Environment

• Suppliers

They are the stakeholders of business who need to receive just compensation and government-mandated benefits from entrepreneurs.

• Creditors

• Customers

• Employees

• Suppliers

The stakeholders who are the beneficiaries of the favors and support returned by the entrepreneurs to the community it serves.

• Environment

• General Public

• Government

• Shareholders

They are the stakeholders who will hold the entrepreneurs accountable if they do not report their income honestly and correctly.

• Creditors

• Government

• Shareholders

• Suppliers

Which should be done by the entrepreneur to gain customer loyalty?

• Create advertisements promoted by famous personalities.

• Give regular promotions such as discounts and freebies.

• Utilize social media platforms to reach a greater audience.

• Produce high-quality products and services at reasonable prices.

How can business owners give back to the community where they serve?

• Offer loans to the public.

• Hire competent employees.

• Expand business centers outside the locality.

• Join environmental conservation projects.

What should an entrepreneur do to ensure that employees in the workplace receive equal treatment regardless of age, gender, religion, ethnicity, or disability?

• Provide just compensation.

• Enforce an anti-discrimination policy.

• Promote favorable working conditions.

• Ensure occupational health and safety.

What should the government do to ensure that entrepreneurs operate businesses that do not harm or pollute the environment?

• Compel businesses to pay tax on time.

• Oblige businesses to disclose their income correctly.

• Implement environmental regulations and legislation.

• Require businesses to secure permits and licenses to operate.