Customer - An external stakeholder, not suppliers., Employee - An internal stakeholder, not owners., Political - An external factor - could influence a business by changing the national minimum wage, Competitive - An external factor. This includes other businesses that offer the same product., Equality Act - A law that has protected characteristics, like race and gender., Partnership - A business that has 2-20 partners., Product - One of the 4P's., Batch - A method of production, used to make multiple products at the same time., Bank Loan - Source of finance, a large sum of money that has to be paid back., Survival - A business objective - perhaps the first one a business may have when it starts up.,


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