discuss the responsibilities of a business to the customers, employees, owners and society from ethical point of view.
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Answer:
responsibility towards society is To adopt socially desirable behaviour and standard of living, avoiding ostentation and wasteful expenditure. ... To preserve and promote social and culture values. To undertake socially desirable projects relevant for the community as a whole
responsibility towards customer is (1) Quality: The company should produce quality goods. ...
(2) Fair Prices: The customers should not be cheated by charging high prices. ...
(3) Honest Advertising: The customers want to know the facts, features, advantages, side-effects, etc, of the product.
responsibility towards employee 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
responsibility towards owner is Business should be conducted on a profit basis for the prosperity and growth of owners. Then only it will be in a position to perform any of its social responsibilities towards other interest groups