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Question
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
Options
Regular and timely payment of taxes
Reasonable term of delivery and payment
Healthy and co-operative inter-business relationship
Fair remuneration
Solution
Reasonable term of delivery and payment also Healthy and co-operative inter-business relationship
Explanation:
Suppliers expect fair and reasonable terms regarding the delivery of goods and the receipt of payments. They also value maintaining healthy and cooperative relationships with the business to ensure smooth and ongoing transactions.
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Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Owners | i | May make decisions which affect the business |
| (b) | Suppliers | ii | Want product at good prices |
| (c) | Customers | iii | Want business to grow and make profits |
| (d) | Manager | iv | May increase their prices |
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