Question

What are the responsibilities of business towards owners and employees?
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Answer 1

Answer:

Major responsibility of business towards different sections of society are as 1.employees 2.honours3. consumers4. government 5.shareholders6. community 7.environment. Business depends on society for inputs like money, man, and skills and also for the market where products have to be solved to the customers .the business depends on society for existence, sustenance and encouragement. Being so much dependent on society, business also has a definite responsibility towards different segments of society .the profit making is one of the main objectives of business but it has to satisfy employees, cunsumers, government ,community ,shareholders also.