Questions
1.
a) Why is it important for a business to specify its objectives?
b) Explain, with examples, why differing stakeholder and organisational objectives might cause problems for managers.
(Marks available: 10)
Answer
2.
Explain, with examples, what is meant by the stakeholders in a company.
Is it in the interests of all stakeholders that a company should try to maximise its profits?
(Marks available: 20)
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