Other stakeholders would also include business partners, local authorities and regulatory bodies and any non governmental organisations. Did you know… We have over 220 college Virtually any body,or any person may become a stakeholder in a business, depending on that businesess impact on the enviroment,economy, and any social/emotional issues attached to the business. Study.com has thousands of articles about every The definition of local government by the Nigerian Federal Government leaves one with no iota of doubt that it is largely both theoretically sound and service oriented to the people. Indigenous peoples and local communities (IPLCs) are, typically, ethnic groups who are descended from and identify with the original inhabitants of a given region, in contrast to groups that have settled, occupied or colonized the area more recently. ? For example, Doughnut Time is a … She had no idea there were so many local businesses in her community. Let's meet Janette. the beliefs and customs) of its community, and it supplies goods and services that the citizens in that community would buy. What are some of the other factors that neede, Working Scholars® Bringing Tuition-Free College to the Community. Like a local business, a national business understands the culture of the country and develops products and services to satisfy its market. She enjoyed doughnuts for her birthday at home and also when she went on holiday. {{courseNav.course.mDynamicIntFields.lessonCount}} lessons Community planning is about how public bodies work together, and with local communities, to design and deliver better services that make a real difference to people's lives. She didn't realize that her purchases from a global business would reduce sales at local or national businesses. All rights reserved. 1 Citations; 12 Mentions; 1.3k Downloads; A stakeholder is any individual, group or community living within the influence of the site or likely to be affected by a management decision or action, and any individual, group or community likely to influence the management of the site. Stakeholders typically include the following groups. Should I pursue my CPA if I do not want to work in auditing/taxation? Since it is larger than a local business, it can purchase its raw materials (such as items needed to make its product) less expensively as it buys more of those materials. A larger market means that more consumers will purchase a company's products and services, which means greater profits for the company and its owners. It offers fresh, local ingredients for the meals it serves. As it called, local communities are made up of people of diverse origin or same origin living in a locality. Log in or sign up to add this lesson to a Custom Course. Before you can contrast local and national communities you may need to think about what kind of community you are talking about. - Definition & Examples, Quiz & Worksheet - Capital Lease in Accounting, Quiz & Worksheet - Beginning Inventory Formula, Quiz & Worksheet - Ending Inventory Formula, Topic, Purpose, and Thesis of a Speech Lesson Plans, UExcel Principles of Management Flashcards, CPA Subtest IV - Regulation (REG): Study Guide & Practice, CPA Subtest III - Financial Accounting & Reporting (FAR): Study Guide & Practice, ANCC Family Nurse Practitioner: Study Guide & Practice, Top 50 K-12 School Districts for Teachers in Georgia, Finding Good Online Homeschool Programs for the 2020-2021 School Year, Coronavirus Safety Tips for Students Headed Back to School, Parent's Guide for Supporting Stressed Students During the Coronavirus Pandemic, Ramon Barba: Biography, Contributions & Inventions, Effects of Development on Physiology & Pathophysiology, Implementing Risk Stratification in Clinical Practice, Evaluating the Impact of Clinical Nursing Specialist Practice on Systems of Care, Quiz & Worksheet - Paleolithic Period Weapons, Quiz & Worksheet - Situational Crime Prevention, Flashcards - Real Estate Marketing Basics, Flashcards - Promotional Marketing in Real Estate, SAT Subject Test World History: Practice and Study Guide, Quiz & Worksheet - Identifying Cause & Effect in Reading Selections, Quiz & Worksheet - Gate Control Theory of Pain, Quiz & Worksheet - Purpose of Writing Research Questions, Quiz & Worksheet - Guidelines of Recording in Nursing, Quiz & Worksheet - Calculations with Ratios and Proportions, Guidance Advisory Committee (GAC): Definition & Responsibilities, Next Generation Science Standards Appendix F, Tech and Engineering - Questions & Answers, Health and Medicine - Questions & Answers. credit-by-exam regardless of age or education level. To learn more, visit our Earning Credit Page. An error occurred trying to load this video. Maybe the first thing to bear in mind is that the term ‘community’ is more variable than you might think. lessons in math, English, science, history, and more. It has access to a much larger customer base than a local or national business. What would you do if your boss cut your hours from 56 hours a week to 29 hours a week even if he or she said they won’t cut your hours? Some of the following everyday problems may be solved using economic analysis. Get access risk-free for 30 days, A national business sells its goods and services to customers throughout its country. Deborah teaches college Accounting and has a master's degree in Educational Technology and is holds certifications as a CIA, CISA, CFSA, and CPA, CA. Get answers by asking now. Each of these companies has locations throughout the world. 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definition of local and national communities

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definition of local and national communities 2020