Business Studies, asked by aditya555431, 1 month ago

right to business what we do​

Answers

Answered by itzsmarty15
1

FIRST WE KNOW THAT :

What are the business rights?

As a business owner, you have the right of decision making for each and every aspect related to your business processes. You have the right to run business in any manner, following any strategy until and unless you are not violating any state or federal law.

Responsibilities:

  • Shareholders or Owners
  • Customers
  • Employees
  • Government
  • Society and Environment

Rights:

  • Decision Making
  • Right to Refuse Service
  • No limit of capital investment
  • Make changes in business processes or strategies

CUSTOMER:

Customers are the most important and valuable assets tor any business organization. A business must supply top-quality goods and services to the customers at reasonable prices. No fake, dishonest and misleading advertisement should be presented before a potential customer. Also, there should be proper arrangements to handle customer complaints and requests.

  • Commitment to provide best-quality goods or services
  • The goods / products are fit for the required purposes
  • Customer support post-sales
  • Genuine cost without compromising with quality
  • No fake promises

Employees:

Business directly or indirectly depends upon the productivity and work efforts of its employees. Following which, a business organization must provide a fair salary based upon the work and industry standards. An employee also deserves a healthy and safe work environment with insurance, compensation, and medical benefits in the event of any loss or injury at the workplace.

  • Equal opportunities for all
  • Healthy and safe work environment
  • Comply with Minimum Wage Act
  • Compensation for injury at workplace
  • Insurance and Medical Benefits

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