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State with Reason Whether the Following Statement is True Or False. Expectations of Society and Public Towards Business Are Changing - Organisation of Commerce and Management

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Question

State with reason whether the following statement is true or false.

Expectations of society and public towards business are changing

Options

  • True 

  • False 

MCQ
True or False

Solution

Expectations of society and public towards business are changing. True
Explanation:
With time, the demands and knowledge of the society have changed. Nowadays, people have become more aware. Various consumer movements by the government and non-government organisations have spread awareness among consumers. Thus, a business should function in accordance with these changes. It should produce goods and services that are in demand and should not indulge in any unfair practices.

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Responsibility Towards - Public in General
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Chapter 4: Social Responsibility of Business - True or False [Page 123]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 4 Social Responsibility of Business
True or False | Q 3 | Page 123
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