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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.
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RELATED QUESTIONS
Which of the following is not an expectation of competitive competitors?
Which of the following are expectations of employees to the organisations?
The ______ expects the organisation to follow the laws of the country, pay taxes honestly etc.
Safety of capital of contributed is an expectation of ______.
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 |
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 | Provide raw materials to the firm |
Mention any two expectations of suppliers from a business organisation.
State any two expectations of the general public from a business organisation.
Discuss the expectations of customers and business associates.
Explain the conflicting needs of the stakeholders of a company.
