it is important to earn profit for a business but it is equally important to be ethical while earning that profit . every business organization is part of a wider social system and hence can't avoid being ethical . read the given statement and enumerate the responsibility of a business towards different interest groups
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It is important to earn profit for a business but it is equally important to be ethical while earning that profit. every business organization is part of a wider social system and hence can't avoid being ethical. Let us understand the responsibility of a business towards different interest groups:
Responsibility towards Customers - fair pricing, good quality of products, good after-sales services/ return policies
Responsibility towards associates/suppliers - timely payments, fair dealing
Responsibility towards employees/agents - no harassment, competitive wages
Responsibility towards the society - take necessary measures for pollution, more use of renewable energy
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