The main goal of an established business is to conform to the needs of its clientele. It should provide the best in terms of the quality of its product and services. It should also conform to the standard predefined by the governmental and non governmental institutions that govern the business.
What is an Electronic Commerce.Explain Business to Consumers and Business to Business of Electronic Commerce with the help of examples
roles and responsibility of business economist?
consumers
Legal responsibility is business ethics. You can research the topic or check with the Small Business Administration.
The responsibility for the business is shared
At L'Oreal, we believe that lasting business success is built upon ethical standards which guide growth and on a genuine sense of responsibility to our employees, our consumers, our environment and to the communities in which we operate.
Consumers can affect a business based on consumptions of goods. The amount of goods that are bought and sold affect the profit and loss of a business.
how can society help business meet social responsibility
well the consumers responsibilities is that when they purchases something they have to keep the recipe on them
Arguments against increased social responsibility for businesses often center on the belief that the primary purpose of a business is to generate profit for shareholders. Critics argue that prioritizing social responsibility can divert resources and focus away from core business operations, potentially compromising competitiveness and economic growth. Additionally, some suggest that increased social mandates can lead to higher operational costs, which may be passed on to consumers. Lastly, there is concern that government regulations enforcing social responsibility could stifle innovation and entrepreneurship.
responsibility is that things which you must do
claim that the sole social responsibility of business is to increase its profits.