What is an employee?
Employees are the people who do the work in an enterprise and earn a living from the operations of a business.
What are stakeholders?
Individuals or groups who are affected by or can affect a business’s activities.
Who are the owners of a business?
People or groups who legally own and control a business.
What is a customer?
People or organizations that buy and use a business’s products or services.
What is the role of the government in business?
The authority that creates laws, collects taxes, and regulates businesses.
Who constitutes the local community?
People living in the area where a business operates, affected by its activities.
What are suppliers?
Companies or individuals that provide goods or services to a business.
Who are lenders?
Banks or individuals who lend money to a business with the expectation of repayment.
What is competition in business?
Other businesses that sell similar products or services in the same market.
What is leadership in a business context?
The act of guiding and managing people within a business toward goals.
Who are internal stakeholders?
People inside the organization, such as employees, managers, and owners.
Who are external stakeholders?
People outside the organization, such as customers, suppliers, government, and community.
