However a business is organised, it must meet the needs or demands of various stakeholders.

• What are the different types of business structure?

• What is meant by the term ‘stakeholder’?

• Who are the stakeholders for each type of business?

• What are their needs or demands, and why should they be met?

• Will stakeholder demands affect the choice of business structure?

accountant.

statement? Why?

AppendixLO1