living conditions like housing, transport, canteen, crèches etc. f. Timely training and development. .
Responsibility towards Suppliers Suppliers are businessmen who supply raw materials and other items required by manufacturers and traders. Certain suppliers, called distributors, supply finished products to the consumers. The responsibilities of business towards these suppliers are: a. Giving regular orders for purchase of goods.
b. Dealing on fair terms and conditions. c. Availing reasonable credit period.
d. Timely payment of dues. . Responsibility towards Customers No business can survive without the support of customers.
As a part of the responsibility of business towards them the business should provide the following facilities: a. Products and services must be able to take care of the needs of the customers. b. Products and services must be qualitative c.
There must be regularity in supply of goods and services After learning about Social Responsibility of the business in this chapter, one can understand the significance of Social Responsibility. The next chapter is about Business Environment and Protection which deals with the organization taking steps to protect both internal and external environment for their sustained growth and development. Success Story Corporate Social Responsibility Examples in India Tata Group The Tata Group conglomerate in India carries out various CSR projects, most of which are community improvement and poverty alleviation programs. Through self-help groups, it is engaged in women empowerment activities, income generation, rural community development, and other social welfare programs.
In the field of education, the Tata Group provides scholarships and endowments for numerous institutions. Source: Commerce - - . . PM Exercise I.
Choose the Correct Answer . Which type of Responsibility gives the benefit to the Society out of its profits earned? (a) Legal (b) Ethical (c) Moral (d) Economic . The Stakeholders of Socially Responsible business units are except (a) Share Holders (b) Employees (c) Government (d) Company .
Assuming Social Responsibility of business helps the enterprise in (a) Increase profit (b) Decrease profit (c) Sustainability (d) Equilibrium Mahindra & Mahindra Indian automobile manufacturer Mahindra & Mahindra (M&M) established the K. C. Mahindra Education Trust in ,