Advertisements
Advertisements
Question
Justify the following statement.
Expectations of society towards business are changing.
Solution
- Society's expectations from business firms have undergone drastic change over time.
- Earlier, businesses were viewed just as provider of goods and services.
- Now, they act as a responsible citizen besides providing goods and services.
- Businesses are also expected to contribute towards social welfare.
- Hence, expectations of society towards business are changing.
APPEARS IN
RELATED QUESTIONS
The business organization should try to make ______ utilization of natural resources.
The business organisation should protect health and provide safety measures to ______.
Give one word/phrase/term for the following sentence.
Duties, obligations of business directed towards the welfare of society.
Give one word/phrase/term for the following sentence.
Getting good quality products is the basic right of this group of society.
Give one word/phrase/term for the following sentence.
Employment generation is the responsibility of the organization towards this group.
The commercial organization is expected to uplift the weaker section of society.
The concept of trusteeship was propounded by ______.
Correct the underlined word and rewrite the sentence.
MRP (Maximum Retail Price) should not be printed on every packet.
Justify the following statement.
The business should allow workers to participate in management.
State different types of responsibilities towards society.
State social responsibilities of business towards society.
