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Questions
State any two expectations of the general public from a business organisation.
Write any five expectations of the General Public or Society from a Business Enterprise.
Solution
The expectations of the General Public from a business concern are:
- To safeguard the environment from any form of contamination.
- Create socially desirable products aligned with national interests and priorities.
- Supporting marginalised groups through employment and other opportunities.
- Improve people's living standards by promoting educational, medical, and cultural institutions.
- Contribute funds to philanthropic and public welfare activities.
- Preserve social and cultural values.
- Respect human rights, particularly those of women and children.
RELATED QUESTIONS
______ expect the business organization to follow the laws and regulations of the country.
The ______ expects the organisation to follow the laws of the country, pay taxes honestly etc.
______ is an expectation of employers.
To help the weaker sections of society by giving them preference in employment, to respect human rights including rights of women and children etc. are expectations of ______.
Safety of capital of contributed is an expectation of ______.
Which of the following are the two expectations of government from a business organisation?
Which of the following are the expectations of competitive competitors?
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 |
Explain the expectations of internal stakeholders in a commercial organisation.
Explain any five expectations of suppliers from a business organisation.
