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Business

People and Their Relationships in Business

TermDefinition
Business Is about producing and supplying goods and services
Stakeholders groups of people involed and play a part in the operation of a business
People In Business Business is concerned with the people and their relationships
Entrepreneurs .An Individual or group who undertake the rish of establishing and running a business .See an opprotunity and exploit it .Risk of organising all the resources
Investors .Can be banks , grant agenices or shareholders
Suppliers manfufactorers and suppilers
Service Providers Range of services
Consumers the purchasers of the goods and services
Employers Individuals who employ people to work for them for wages
Employees Work for employers producing goods and services
Interest groups repersents the common view point, seek to influence decisions and policy afftecting their members through negotitation
Examples of interest groups IBEC, ICTU, CIF
Created by: Swatters
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