Economics B A-Level
External stakeholders
What External stakeholders means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of External stakeholders
Check what you remember
Read the wording for your board, then hide it and explain External stakeholders in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Those outside the business, encompassing customers, suppliers, the local community, and the government.
Topics that use External stakeholders
- Stakeholders (economic agents) and their objectives (Pearson Edexcel A-Level)
Related terms
- Economic agents
- Industrial action
- Internal stakeholders
- Profit maximisation
- Shareholders
- Stakeholder conflict
- Stakeholders
- Trade-offs
Using External stakeholders in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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