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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
Which of the following are expectations of employees to the organisations?
Safety of capital of contributed is an expectation of ______.
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 the Associates from a business enterprise.
Explain the expectations of internal stakeholders in a commercial organisation.
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
Give any five expectations of employees from a business enterprise.
Give any five expectations of creditors from a business enterprise.
Explain the conflicting needs of the stakeholders of a company.
Explain any five expectations of suppliers from a business organisation.
