Hal wants to be a successful entrepreneur．He plans to leave his job to start up a bakery．The bakery will operate in the private sector．The business will have many stakeholder groups．Hal has been told it is important for a new business to select an appropriate source of start－up capital．He also knows new businesses are at a greater risk of failure．（c）Identify four stakeholder groups a business might have． Stakeholder 1： Stakeholder 2： Stakeholder 3： Stakeholder 4： .......................................................................................................................................

Business

IGCSE&ALevel

CAIE

Exam No：0450_s25_qp_12 Year：2025 Question No：3(c)

Answer:

Award 1 mark for each stakeholder group (max 4).
Points might include:
- Employees/workers
- Managers/directors
- Owners/shareholders
- Suppliers
- Lenders/banks
- Government
- Local community
- Customers

Other appropriate responses should be credited.

Knowledge points:

1.5.1.1. Need for business objectives and the importance of them

1.5.1.2. Different business objectives, e.g. survival, growth, profit and market share

1.5.1.3. Objectives of social enterprises

1.5.2.1. Main internal and external stakeholder groups

1.5.2.2. Objectives of different stakeholder groups

1.5.2.3. How these objectives might conflict with each other, use examples

1.5.3. Differences in the objectives of private sector and public sector enterprises

Answer:

Knowledge points:

Solution:

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