Social Responsibility of Business : Responsibilities towards Shareholders – Fair returns Accurate Information Undertake R&D activities Pay regular returns Raise public image Responsibilities towards Customers/Consumers – Maximum possible satisfaction by providing quality goods. Avoid artificial scarcity. Supply goods & services at fair & reasonable prices to...
The society has the wonderful genre of people known as the old/aged ones. In spite of their lively name their heart at this age completes the life cycle and again becomes the heart of a small child. It’s a tough time for them – they seem it as the...
Except in the case of a proprietorship firm where the capital is fully contributed by the proprietor, in all other companies, capital is collected from a variety of sources. The sources may be friends and relatives of the owners, financial institutions and, fn case of public limited companies, individual...
Your employees are your most important resource. Their hard work, ingenuity, loyalty and dedication are critical contributions to the success of your firm. In return, you have to ensure that you are giving them a fair deal in terms of wages and salaries, and compliance with the statutory...
Responsibility towards your suppliers emanates from the fact that their survival and growth (partly or wholly) is dependent upon your survival-and growth. Suppliers provide you the raw materials, components and parts necessary for the production of your products. You are dependent upon your suppliers for regular, timely supplies of...
Distributors and retailers are the link between the firm and the actual customers who consume the product. In your capacity as a manager you are responsible for ensuring regular supplies to your distributors. Persistent delays in processing and supplying distributor’s order can lead to a situation where the...
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