What is a stakeholder? Identify two stakeholders and there role in a business.

A stakeholder is someone who has an interest in a specific business and is affected by a businesses actions. One type of stakeholder is a shareholder - a shareholder is an individual or institution that legally owns one or more shares of stock in a business. Shareholders main interests are profit and share price growth and the dividend yield in which they receive an x amount of money per share they hold. Shareholders who own a large majority of shares will have voting rights and lots of power and influence on the election of directors in the company.
Another stakeholder is a customer, there main interest in a business is to receive a high quality product or service otherwise they will move to another company offering a similar product or service. The key things a customer wants are great customer service and value for money. The power of the customer is high as without them a business can not function, a lot of work is done by businesses to attract and retain customers to boost its sales and therefore more likely to lead to higher profits.

HF
Answered by Harry F. Business Studies tutor

2128 Views

See similar Business Studies GCSE tutors

Related Business Studies GCSE answers

All answers ▸

Explain two benefits to a business of using part-time staff


X Ltd is selling their only product at 12.50 per unit and they have managed to sell a total of 3000 units. They currently have total costs at £32000, £15000 of which are Fixed costs. How much is the total revenue and the total Variable costs?


Discuss the advantages and disadvantages of having a strong brand image


Identify and describe the 4 elements of the Boston Matrix.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences