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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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RELATED QUESTIONS
Mention any two expectations of Employees.
Which one is not a way to manage stakeholder expectations?
Which of the following are the two expectations of government from a business organisation?
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
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 shareholders from a business concern.
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.
