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GCSE Business · key term
Something an individual, group or business aims to achieve.
Used by OCR
Paper 1
Revise: Internal and External StakeholdersA stakeholder’s role is its relationship with the business or the part it plays. Its objectives are what it wants to achieve. For example, a supplier’s role is to provide goods or services, while its objectives include receiving regular orders and being paid on time.
Distinguish a stakeholder’s role from its objective: suppliers provide goods or services; they want regular orders and payment on time.
When describing an objective, identify the stakeholder and explain what it wants from the particular business in the question.
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