Describe what is meant by a stakeholder and the two types?

A stakeholder is an individual/group of people who are directly interested within a business. One type of stakeholder is an internal stakeholder. These are individuals/group within the business such as employees and owners who will have a common interest to what goes on in the business such as employee rota or how much revenue is made . The other type of stakeholder is an external stakeholder. These are individuals/groups outside the business such as customers and shareholders who will be commonly interested any decision the business makes such as what products to sell or how much dividends they will receive.

JD
Answered by Jonah D. Business Studies tutor

1662 Views

See similar Business Studies GCSE tutors

Related Business Studies GCSE answers

All answers ▸

Zak and Kellie own a successful food catering business called Meals at Work in Lisburn. Zak and Kellie want to grow the business and are thinking about franchising. (g) Evaluate franchising for this business.


Identify 2 risks Jim undertook when starting his own business


Please define marketing mix. What is its importance for business?


What role does motivation play in the workplace?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning