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Learning objective

Define stakeholder and identify main business stakeholders including owners, employees, customers, local community and suppliers.

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Topic

Stakeholders

Subtopic

Stakeholder groups and objectives

Aqa Gcse BusinessBusiness in the real world

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Understand this objective

Quick explanation

Define stakeholder and identify main business stakeholders including owners, employees, customers, local community and suppliers

  • This point belongs to Stakeholders, especially Stakeholder groups and objectives.
  • You need to be able to define stakeholder and identify main business stakeholders including owners, employees, customers, local community and suppliers.
  • The key ideas to know are customers, employees, and local community.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

customersemployeeslocal communitysuppliersowners

Why it matters

This objective helps connect Stakeholder groups and objectives to exam-style questions, flashcards, and revision notes for Stakeholders.

Quick student answer

Explain why a small manufacturer should consider the local community as a stakeholder.

Direct answer

The local community can influence a small manufacturer’s reputation, support local supply chains, and provide a workforce. Positive engagement can lead to local support, smoother operations, and potential partnerships.

How it works

The answer identifies the community’s influence on reputation, supply, and workforce, showing the cause-and-effect relationship.

Key terms

  • Stakeholder: A person or group that can affect or be affected by a business’s activities.

Common trap

Mislabeling stakeholders: Internal stakeholders are those within the business, such as employees and owners; external stakeholders are outside, such as customers, suppliers, and the local community.

Related questions

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