What Are The Responsibilities Of Business Towards Consumers?

• To supply better quality goods at the right time in reasonable price.
• To provide after sale service on the basis of nature of a product.
• To provide information about the changes introduced by the business.

What are the 4 responsibilities businesses have to consumers?

Corporate social responsibility is traditionally broken into four categories:

environmental, philanthropic, ethical, and economic responsibility

.

What are the responsibilities of business towards employees and consumer?

Responsibility of business towards employees is in the form of

training, promotion, proper selection, fair wages, safety, health, worker’s education, comfortable working conditions

, participation management etc. The employees should be taken into confidence while taking decisions affecting their interests.

What are the social responsibilities of a business towards its customers?

Companies can act responsibly in many ways, such as

promoting volunteering

, making changes that benefit the environment, and engaging in charitable giving. Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.

What are the responsibilities of business towards employees and consumers Class 11?

(i)

To supply right quality of goods & services at reasonable prices

. (ii) To ensure regular and adequate supply of products. (iii) To inform them about new products and new uses of existing products. (iv) To handle the customers grievance promptly.

What is responsibility in a business?

Business responsibility is someone’s duty (that often depends on the job level)

to perform or complete a task

. … In a broader sense, the often called VP’s (vice-presidents) are people within companies responsible for specific business areas such as HR, marketing, sales or engineering.

What is the most important responsibility of business?

The first and most important responsibility of a business should be towards

the shareholders or the owners who have invested money

. … The shareholders expect dividends and appreciation in the value of shares, which depends upon the company’s performance.

What are the responsibilities of business in their corporate decisions?

Social responsibility implies corporate enterprises should follow

business ethics and work

for not only to maximise their profits or shareholders’ value but also to promote the interests of other stakeholders and the society as a whole.

Who is responsible for CSR in a company?

CSR may be based within the

human resources

, business development or public relations departments of an organisation, or may be a separate unit reporting to the CEO or the board of directors.

What are the accountabilities and responsibilities of an entrepreneur?

Accountability for entrepreneurs means

taking responsibility for your actions and your performance

. Many entrepreneurs struggle to hold themselves accountable to get things done. They lack an effective accountability structure to help them stay on track each week. Weekly accountability meetings provide that structure.

What are the major areas of social responsibility of business class 11?

• (1) Towards shareholders or owners : The shareholders Must get dividend at the prevailing rate of return the capital market. …
• (2) Towards customers : …
• (3) Towards workers : …
• (4) Towards government : …
• (5) Towards society :

What is social responsibility of a business class 11?

Social responsibility of business refers to

its obligation to take those decisions and perform those actions which are desirable in terms

.

Why should a business assume social responsibility Class 11?

The assumption of social responsibilities by business enterprises implies that

they respect the aspirations of society and would try their best to contribute to the achievement of these aspirations along with their profit interests

.

What are three business responsibilities?

• business structure and registrations.
• licensing.
• selling goods and services.
• contracts.
• leasing premises.
• employing staff.
• occupational health and safety.
• privacy and information protection.

What are examples of social responsibility?

• Reducing carbon footprints.
• Improving labor policies.
• Participating in fairtrade.
• Diversity, equity and inclusion.
• Charitable global giving.
• Community and virtual volunteering.
• Corporate policies that benefit the environment.
• Socially and environmentally conscious investments.

What are examples of CSR?

• Reducing carbon footprint.
• Engaging in charity work.
• Purchasing fair trade products.
• Investing in environmentally conscious businesses.
• Getting involved in volunteer work.
• Improving labour policies.