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People in Business - Coggle Diagram
People in Business
Stakeholders: are all those involved in or affected by a business's activities.
Suppliers
a business that finishes products from raw materials to sell to consumers.
Consumers
a person who buys goods and services for their own personal use.
Emploee
a person who works for an employer in return for a wage. E.g. pilot for Aer Lingus
Employer
a person who hires people to work for them and rewards them with financial pay ( wages, salary etc.) E.g. Aer Lingus
Managers
a person who runs the business and makes sure that it achieves it objectives.
Investors
a person who gives capital to the entrepreneur that is needed to set up the business in return for a dividend. e.g. Dragon's Den
Government
the state invests heavily in infrastructure such as roads, public transport, education etc.
Entrpreneurs
someone who thinks of new ideas and uses their initiative, takes a personal and financial risk in setting up a business. Example: Bill Gates**
Interest Groups
An organisation of people who come together and campaign for a common goal. Eg. ICTU: fights for the rights of workers.
Relationships between stakeholders
Co-operative: this means that the stakeholders in the business work together to achieve the same goal.
Win/ win situation.
2.Competitive: This means one party wants to be more successful than the other.
Win/Lose situation.
Contracts
This is a legally binding agreement between two or more parties.