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Lecture notes

Unit 1 Stakeholders Notes

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Institution PEARSON (PEARSON)
Module Unit 1 - Exploring Business
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Unit 1 Business Stakeholders Notes

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Stakeholders and their influence



- There are two types of stakeholders, External and Internal.


Internal -> Internal stakeholders are those within the business, for example, managers,
employees, and owners. Every sector will have international stakeholders apart from sole
traders.


External -> Without external stakeholders a business wouldn’t be successful. For example,
suppliers, customers, lenders, competitors, debtors, and creditors. Another example of external
stakeholders includes government agencies and departments.

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Study Level
BTEC
Subject
Business 2016 NQF
Uploaded on
March 12, 2023
Number of pages
1
Written in
2022/2023
Type
Lecture notes
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All classes
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