Businesses are responsible to employees . They should provide a clean, safe working environment. ... Businesses also have a responsibility to customers to provide good, safe products and services. Organizations are responsible to the general public to be good corporate citizens.
What are the responsibilities of businesses?
- business structure and registrations.
- licensing.
- selling goods and services.
- contracts.
- leasing premises.
- employing staff.
- occupational health and safety.
- privacy and information protection.
What are 5 responsibilities of a business?
- staffing and management,
- financial,
- planning and strategy,
- daily operations,
- sales and marketing,
- customer service.
What are the 4 responsibilities of a business?
- Environmental Responsibility. ...
- Ethical Responsibility. ...
- Philanthropic Responsibility. ...
- Economic Responsibility.
What is the most important responsibility in a 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 consumer responsibilities?
- Be Aware. Gather all the information and facts available about a product or service, as well as, keep abreast of changes and innovations in the market.
- Beware. ...
- Think Independently. ...
- Speak Out. ...
- Be an Ethical Consumer. ...
- Complain. ...
- Share Experience. ...
- Respect the Environment.
What are some examples of legal responsibility?
Legal responsibility means the rights and responsibilities to determine and control various matters affecting a child’s welfare and upbringing , other than routine daily care and control of the child. These matters include but are not limited to education, medical and dental care, religion and travel arrangements.
What are the responsibilities of business towards government?
Helping government during natural calamities . They should provide complete and correct information to government officials. Giving timely advice to government in framing important policies in field of export-import retail etc. Providing economic and other help to welfare schemes of the government.
What are the duties and responsibilities of a business manager?
- Oversees the activities of other workers.
- Hires, trains, and evaluates new employees.
- Ensures that a company or department is on track to meet its financial goals.
- Reports to other executives or to the owner directly.
- Directs team or group leaders.
What are the responsibilities of a business to its suppliers?
- To Pay Fair Prices of Goods. ...
- To Pay in Reasonable Time. ...
- To Inform about Changes in Market. ...
- To Give Guarantee of Minimum Price. ...
- To Motivate Indigenous Supplies. ...
- To Provide Technical Advice. ...
- To Inform Suppliers of Future Developments.
What is a business responsibility to the environment?
Corporate Environmental Responsibility is about managing the use natural resources in the most effective and efficient manner in order to reduce environmental impacts and financial costs. Areas of Focus : Energy Efficiency and Savings. Waste Management. Travel and Transportation.
Social responsibility means that businesses, in addition to maximizing shareholder value, should act in a manner that benefits society . Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
What are the rights and responsibilities of businesses?
Obligations apply to areas such as tax, health and safety, pay and entitlements, superannuation, workers’ compensation and training . There is a type of insurance for different areas of your business, some of which may be compulsory. The Act covers areas such as pricing, advertising, warranties and refunds.
What is the difference between the rights of businesses and the responsibilities of businesses?
A right is a privilege granted by a governing body that is written into law. ... A right can be defended or challenged in a court of law. 3. A responsibility is a duty or obligation that is accepted, or put into action.
What are 3 consumer responsibilities?
| 1 Be honest with the information you provide. | 3 Ask questions. | 4 Know how to make a complaint. | 5 Use the product or service in line with the terms and conditions. | 6 Avoiding risk. |
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What are the five responsibilities of consumer?
Consumers have five responsibilities: critical awareness; action; social concern; environmental awareness; and solidarity . But generally speaking, the fundamental duty of every consumer is to know their rights.
