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  • KEY Stakeholders in A Business

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    The five main stakeholders in a business are owners, creditors, employees, suppliers, and customers. Owners start and manage the business to generate profits, creditors provide loans to the business and are paid interest, employees carry out the operations of the business under managers, suppliers deliver materials for products, and customers purchase the products and services.

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    CHAPTER 1C

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    The five main stakeholders in a business are owners, creditors, employees, suppliers, and customers. Owners start and manage the business to generate profits, creditors provide loans to the business and are paid interest, employees carry out the operations of the business under managers, suppliers deliver materials for products, and customers purchase the products and services.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views6 pages

    KEY Stakeholders in A Business

    Uploaded by

    nadia
    The five main stakeholders in a business are owners, creditors, employees, suppliers, and customers. Owners start and manage the business to generate profits, creditors provide loans to the business and are paid interest, employees carry out the operations of the business under managers, suppliers deliver materials for products, and customers purchase the products and services.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 6

    KEY

    STAKEHOLDERS IN
    A BUSINESS
    FIVE STAKEHOLDERS ARE :-

    ▪ Owners
    ▪ Creditors
    ▪ Employers
    ▪ Suppliers
    ▪ Customers

    IMR 652 2
    ▪ OWNERS
    Entrepreneurs – people who organize, manage and assume the risk of starting
    business
    Create a business – serves as sole owner
    Co-owner – others people who are allowed to interest in the firm
    When the ownership of the firm is shared, the proportion owned is reduced
    Profits or earning will be shared among these owners.

    IMR 652 3
    ▪ CREDITORS
    Individuals or financial institutions that provide loan
    Firms that borrow from creditors pay interest on their loans.

    ▪ EMPLOYERS
    People whore are hired to run the operation of a business
    Managers – employers who are responsible for managing job assignment of other and
    making key business decisions

    IMR 652 4
    ▪ SUPPLIERS
    company or individuals who deliver materials to other companies to provide products

    ▪ CUSTOMERS
    - people who targeted by companies to sell their products and services

    IMR 652 5
    THANK YOU

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