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Question
State any two expectations of competitors from a business concern.
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Solution
- Fair trade practices for price, quality, and service.
- Encouraging healthy competition and ethical behaviour.
- Cooperation among competitors to ensure the overall growth of the sector.
- Respect for intellectual property rights.
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RELATED QUESTIONS
Which of the following are expectations of employees to the organisations?
______ is an expectation of employers.
To help the weaker sections of society by giving them preference in employment, to respect human rights including rights of women and children etc. are expectations of ______.
Which of the following are the two expectations of government from a business organisation?
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 |
Mention any two expectations of suppliers from a business organisation.
State any two expectations of the general public from a business organisation.
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Explain the expectations of the Government from a business organisation.
