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Question
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
Options
Regular and timely payment of taxes
Reasonable term of delivery and payment
Healthy and co-operative inter-business relationship
Fair remuneration
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Solution
Reasonable term of delivery and payment also Healthy and co-operative inter-business relationship
Explanation:
Suppliers expect fair and reasonable terms regarding the delivery of goods and the receipt of payments. They also value maintaining healthy and cooperative relationships with the business to ensure smooth and ongoing transactions.
RELATED QUESTIONS
______ expect the business organization to follow the laws and regulations of the country.
Which one is not a way to manage stakeholder expectations?
Which of the following is not an expectation of competitive competitors?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Employees | i | Regular orders for supply |
| (b) | Government | ii | Protection of trade union rights |
| (c) | Society | iii | Protection of environment from pollution |
| (d) | Suppliers | iv | Avoid corrupting public servants |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Suppliers | i | Contribution of business to the local economy |
| (b) | Employees | ii | Provide capital |
| (C) | Shareholders | iii | Provide physical and mental efforts |
| (d) | General public | iv | i |
State any two expectations of the Associates from a business enterprise.
State any two expectations of shareholders from a business concern.
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Give any five expectations of creditors from a business enterprise.
Explain the expectations of the Government from a business organisation.
