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Question
State any two expectations of the Associates from a business enterprise.
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Solution
- Fairtrade practices regarding price, quality and source.
- 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
______ expect the business organization to follow the laws and regulations of the country.
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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 |
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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 |
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Explain the expectations of employers and employees as stakeholders in a commercial organisation.
