What are the responsibilities of business towards its fellow businessmen and suppliers?
CBSE Class 11
CBSE Class 11 Business Studies
2016-08-02 03:39:15 UTC
Responsibilities towards fellow businessmen:
(i) To deal fairly with them.
(ii) To cooperate with them.
(iii) To adopt healthy trade practices.
(iv) To protect and assist cottage industries.
Responsibilities towards suppliers :
(i) It should be impartial and courteous.
(ii) To make fair and regular payments to suppliers.
(iii) To adopt fair trade practices.