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Write a Word Or Phrase Or a Term Which Can Substitute Each One of the Following. Running Efficient Business is the Responsibility of Business Towards this Group. - Organisation of Commerce and Management

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Question

Write a word or phrase or a term which can substitute the following.
Running efficient business is the responsibility of business towards this group.

One Word/Term Answer

Solution

Running efficient business is the responsibility of business towards this group- Owner
Explanation:
It is the ethical responsibility of a business organisation towards its owners to run the business efficiently. Organisations should make maximum utilisation of their resources, with no or minimum wastage. Also, providing fair returns on investments is the responsibility of organisations towards their investors.

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Responsibility Towards - Owners
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Chapter 4: Social Responsibility of Business - Write a word or phrase [Page 122]

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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
Write a word or phrase | Q 13 | Page 122
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