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Question
Mention any two expectations of suppliers from a business organisation.
Short/Brief Note
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Solution
- Fair prices for the supplies
- Regular and timely payment according to credit terms.
- Reasonable terms of delivery and payment.
- Regular orders for supply.
- Correct facts regarding the company's financial position.
- Healthy and cooperative inter-business relationships.
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Expectations of Stakeholders
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Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
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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 |
State any two expectations of shareholders from a business concern.
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Explain the expectations of government from a business enterprise.
