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WorksheetsU4 AOS 2 Bus Man Section 8 Quiz - Effect on Stakeholders
Total questions: 15
Worksheet time: 11mins
What are stakeholders?
People who are interested in or affected by the business
Businesses who spy on other businesses
People who eat steak
Only the employees of the business
Which stakeholder influences the business by where they choose to buy products from?
Employees
Customers
Managers
Banks
How to employees have an impact on the business?
Through the quality of the work they produce
Through spending their money on fancy things
By making friends at work and chatting at break times
Through paying their taxes
They often want to receive a promotion or a pay rise.
customers
local community
employees
suppliers
They try to make sure that the business achieves all of its objectives.
lenders
managers
local communities
suppliers
They supply products to a business (For example: coffee beans and milk to make a cup of coffee)
lenders
suppliers
managers
government
Match the following effects on managers with the explanation.
Downsizing
Employees are not responding well to their work environment
Introduction of New Technology
Need to alter recruitment processes to hire people with new required skills
High rates of staff turnover or absenteeism
New divisions or departments open up new opportunitues
Epanding
Managers may be made redundant or have fewer employees to complete tasks
Match the following change issues for employees with the correct explanation.
Mergers of Acquisitions
Employees may become redundant or have to undergo new training
Downsizing or expanding
Work teams and cultures may change or end
Introduction of New Technology
New divisions and departments form, often with new leaders
New Competitors in the Market
Longer working hours or greater responsibility to implement new strategies
Somtimes, there will be initial (a) backlash against change, before they accept the change and return to the business.
Customers sometimes require time to accept change. This was true when _____
Aldi ran a new marketing campaign in 2015-2016
Banks introduced ATMs
Ford and Holden ceased maufacturing in Australia
New methods of production can often negatively affect suppliers, if the business decides to (a) manufacturing.
Business or factory closures have significant impacts in smaller towns were there is only one major (a) .
The closure of Ford and Holden manufacturing in Australia had a 'spin-off' effect, This means...
That the businesses spirelled out of control (Holden no longer esits)
The Australian community punished them with a boy cott and sales decreased
Other related businesses were impacted and many were forced to close
