Stakeholder impact
What Stakeholder impact means in Business GCSE, as defined for AQA.
Definitions of Stakeholder impact
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Reference: AQA
The consequences of a decision for groups such as employees, customers, suppliers or local communities, who may gain while shareholders may lose short-term returns.
How an ethical action affects a stakeholder group, for example customers, employees or overseas suppliers.
The effect that groups or individuals affected by a business's actions have on that business.
Topics that use Stakeholder impact
- Ethical and environmental considerations (AQA GCSE)
- Stakeholders (AQA GCSE)
Related terms
- Business benefits
- Business costs
- Business decision making
- Business ethics and reputation
- Business response
- Conflict between stakeholders
- Cost and revenue consequences
- Cost control
Using Stakeholder impact in the exam
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