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Question
Explain the expectations of the Government from a business organisation.
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Solution
The expectations of the government from a business concern are:
- To follow the laws and regulations of the country.
- To pay all taxes honestly, regularly and in time.
- To avoid corrupting public servants
- To make proper use of the scarce resources of the nation.
- To assist in solving national problems such as poverty, unemployment, and unbalanced regional growth.
- To avoid monopoly and concentration of economic power.
The expectations of General associates/Competitors from a business concern are:
- Fair trade practices regarding price, quality and service.
- An atmosphere of healthy competition and ethical behaviour.
- Co-operation among competitors to ensure the growth of the entire industry.
- Respect for intellectual property rights.
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RELATED QUESTIONS
Mention any two expectations of Employees.
State any two expectations of the Government from a business concern.
Safety of capital of contributed is an expectation of ______.
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
Which of the following are the expectations 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 |
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 |
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Explain any five expectations of suppliers from a business organisation.
