Topics covered: Business sectors and stakeholders.
• Meaning.
• Unlimited liability.
• Tertiary sector.
• Internal and external stakeholders
CP PetrochemicalsPlc operates in Europe, North and South America, India, and Africa. The main business activities are exploration and production of crude oil and natural gas, refining and manufacturing petrochemicals.
These products are marketed and transported all over the world. CP owns almost 30,000 service stations including franchise operators. CP uses excellent communication network to address any issues wither it is internal matters or relating to external stakeholders.
However, due to quality issues, there was a strong protest from Customers Rights Protection Group (CRPG) and hence around 300 service stations have been closed.
Questions:
a) With reference CP Petrochemicals, explain the following terms: [6 marks]
• Primary sector
• Secondary sector
• Tertiary sector
b) With reference CP Petrochemicals, explain the following terms: [4 marks]
• Internal stakeholders
• External stakeholders
c) Explain the effects of closure of services stations on two external stake holders [4 marks]
