Question

Before starting a business, Manav visited his
grandfather to seek his blessings. His
grandfather advised him to also define social
goals for his business, besides striving towards
the objective of profit maximization. He asked
Manav to show concern towards employees,
consumers, government and community. In
order to win the whole hearted cooperation
and support office employees, he must pay
them fair wages and also provide good
working conditions. Good quality products
should be offered to the consumers at
reasonable prices and he should abstain from
making any false claims in their
advertisements. He must interact with the
different social groups within a society to be
able to contribute effectively towards common
good. What according to you are the other
social objectives which Manav must assume
with regard to the different interest groups
that have not been pointed out by his
grandfather?​

Answer 1

Answer:

The business should be run by ethics and should be sustainable and eco-friendly. Every stakeholder of the company has different self interest and we need to identify the necessaries.

Explanation:

,