What are the responsibilities of business towards its fellow businessmen and suppliers?

  1. 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.