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Questions
State any two expectations of the general public from a business organisation.
Write any five expectations of the General Public or Society from a Business Enterprise.
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Solution
The expectations of the General Public from a business concern are:
- To safeguard the environment from any form of contamination.
- Create socially desirable products aligned with national interests and priorities.
- Supporting marginalised groups through employment and other opportunities.
- Improve people’s living standards by promoting educational, medical, and cultural institutions.
- Contribute funds to philanthropic and public welfare activities.
- Preserve social and cultural values.
- Respect human rights, particularly those of women and children.
RELATED QUESTIONS
______ expect the business organization to follow the laws and regulations of the country.
Mention any two expectations of Employees.
State any two expectations of employers from a commercial organisation.
Which one is not a way to manage stakeholder expectations?
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.
Explain the expectations of internal stakeholders in a commercial organisation.
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Give any five expectations of creditors from a business enterprise.
