Stakeholders
What Stakeholders means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Stakeholders
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Reference: Pearson Edexcel
Individuals or groups with a vested interest in a business's activities, whose distinct objectives a firm must balance to maintain long-term sustainability and positive relations.
Anyone affected by the business, of which shareholders are just one type who own the business.
Topics that use Stakeholders
- Ethical issues (Pearson Edexcel A-Level)
- Stakeholders (economic agents) and their objectives (Pearson Edexcel A-Level)
Related terms
- Profit maximisation
- Trade-offs
- Advertising Standards Authority (ASA)
- Competitive advantage
- Economic agents
- Industrial action
- Internal stakeholders
- Misleading product labelling
Using Stakeholders in the exam
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