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Employers provide and organise resources to produce goods/services. Employees contribute labour, skills and help maintain standards. Consumers influence what is produced by creating . Suppliers support production by delivering inputs on . Government supports business by providing infrastructure and enforcing . An identifies opportunities and takes calculated risks. A compact encourages groups to cooperate for stability. A agreement involves government, employers and workers negotiating together. A sunrise industry is and has strong future potential.
Which statement do you think best describes an employer?
Identify the BEST stakeholder(s) to take the lead, and give one reason for each of the situations below.
A hotel employs 45 workers. Each earns $1,350 per month. A tripartite meeting proposes a 4% wage increase if productivity improves. What is the current monthly wage bill?
Circle the stakeholder who provides: (1) labour, (2) finance/taxes, (3) goods/services to the business.
Recall the key points about the key functions of employers.
Match Stakeholders to Their Functions (Part 2)
What would the new monthly wage bill be after a 4% increase?
Who are the three parties in the tripartite meeting?
Match Stakeholders to Their Functions (Part 1)
Recall the key points about why employers matter.
Give ONE reason why linking wages to productivity can reduce conflict.
Recall the key points about key functions of employees.
Recall the key points about why employees matter.
Recall the key points about key functions of consumers.
Recall the key points about why consumers matter.
Recall the key points about key functions of suppliers.
Recall the key points about why suppliers matter.
Recall the key points about why communities matter.
Recall the key points about key functions of communities.
Recall the key points about key functions of government.
Recall the key points about why government matters.
Recall the key points about functions of an entrepreneur.
Recall the key points about the importance of an entrepreneur.
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