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| ACCA考试知识点-Stakeholders and Value for Money 
 
 Trade creditors: Being paid the full amount due by the date agreed, continue their trading relationship with the firm
 Shareholders: Maximization wealth
 Community: Low pollution and high involvement in local issue
 Government: Be formulated in political terms
 Value for money:
 
 Getting the best possible combination of services from the least resources
 Economy: acquire resources of appropriate quality and provide a service of appropriate standard at the lowest cost.
 Effectiveness: the product/ service achieve its declared objectives/goals.
 Efficiency: show the ratio of inputs: outputs. Relationship between goods/ services produced and the resources used to product them.
 
 
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