Btec Business Level 3 Unit 1 D1

A stakeholder is someone in a business who has an internet in the decision making that business make are stakeholders.
Customers: Tesco wants customers to have good quality products. Most customers know about which products are best. For example customers want their products to be really high quality before they buy the product. The regular customers for Tesco’s may get a discount price on the product because they are registered to receive offers however great Ormond street is grateful to customers because their customers provides money and they help the hospitals needs and wants. This is how customers and we would like to see the businesses improve.
Supplier: both businesses either have stock delivered or receive stock in order for their businesses to run. Great Ormond Street needs supplies of medicines and equipment in order for their operation and work to go well. However Tesco’s need supplies for products to serve to their customers.
Owners: an owner can keep a close eye on how the business is running. The owners are important stakeholders for great Ormond Street and Tesco because they spend a lot of time setting up the business. The owners of the business take risks and they want to see their business be a success. Great Ormond Street has no owner however Tesco has an owner his name is jack Cohen.
Local and national communities: the community may worry about the business activities. A social cost may be caused by pollution from a local factory or a national social cost may be the carbon emission from the air this can be reduced by employing more staff for the business. Tesco use harmful equipment such as electric wiring which may harm and have a bad effect on the communities. To improve this Tesco may have to check the wiring is safe every 2 weeks. Great Ormond street use harmful materials as well and they use high