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One decision affects many stakeholders

One decision affects many stakeholders

A stakeholder is a person or group affected by a business, or able to affect the business. For example, if a food manufacturer moves production 80 miles away, up to 200 employees may lose their jobs. The decision could also affect customers, suppliers, the local community, shareholders and the government.

A business decision can move money, jobs, products or environmental effects beyond the firm's own accounts.

1.5.1b How stakeholders and businesses affect each other Lesson

  1. GCSE
  2. /Business
  3. /1.5.1b How stakeholders and businesses affect each other

Step-by-step lessons on Edexcel GCSE Business 1.5.1b How stakeholders and businesses affect each other. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

Lessons