Describe what is meant by a stakeholder and the two types?

A stakeholder is an individual/group of people who are directly interested within a business. One type of stakeholder is an internal stakeholder. These are individuals/group within the business such as employees and owners who will have a common interest to what goes on in the business such as employee rota or how much revenue is made . The other type of stakeholder is an external stakeholder. These are individuals/groups outside the business such as customers and shareholders who will be commonly interested any decision the business makes such as what products to sell or how much dividends they will receive.

Related Business Studies GCSE answers

All answers ▸

Explain the key elements of the marketing mix that relate to the product


Ella's Delicatessen has monthly fixed costs of £1800. She sells her soup for £1.15 a carton. The variable costs per carton are: (raw materials = 45p) and (labour = 20p). Calculate her breakeven output per month (show your workings)


Positive aspects of being a sole trader and positive aspects of being in a partnership


1) What does the overall marketing mix create? b) Explain USP in the context of marketing.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences