Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 1 - Taking Risks and Making Profits within the Dynamic Business Environment - Critical Thinking: 1

Answer

The various stakeholders in a restaurant business will be the employees who must be paid wages, the customers who will pay for food and drinks, the bank that provides business loans, neighboring merchants who will see business driven to them as a result of patrons shopping and the community as a whole that will benefit from the various taxable revenue raised as a result of the restaurant's success.

Work Step by Step

Stakeholders represents every possible person or organization that stands to gain or lose as a result of the policies and activities of a business and how they contribute to the success or failure of the enterprise.
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