BuyFind

Understanding Business

11th Edition
William G Nickels + 2 others
Publisher: McGraw-Hill Education
ISBN: 9780078023163
BuyFind

Understanding Business

11th Edition
William G Nickels + 2 others
Publisher: McGraw-Hill Education
ISBN: 9780078023163

Solutions

Chapter
Section
Chapter 1, Problem 1CT
Summary Introduction
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To think critically about: The stakeholders in the business of a restaurant in a community.

Introduction:

The stakeholders are the individuals that have interest in the business operations. These stakeholders are mainly the investors in the company or the customers and suppliers that are affected by the profits as well as the losses of the company.

Expert Solution

Explanation of Solution

Given information:

The assessment about the stakeholder for a new start up restaurant in a community has to be made.

Explanation:

The stakeholders that tend to show interest in the new start up of a restaurant in a community are mainly:

  • The employees of the restaurant as they want job security.
  • The customers as they want the food worth of its price and a good taste.
  • The bank that gave the owner loan for the start up as the success of the restaurant mainly determines the loan repayment on time.
  • The community in which the restaurant has to be started as they will be affected by the location of the restaurant and all their work.
Conclusion

Therefore, stakeholders that are expected to be interested in the start up of a restaurant are mainly the customers, the bank, community people and its employees.

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