Businesses Have Which of the Following Responsibilities to Their Customers

Which of the following represent examples of how corporations set positive standards of ethical behavior. Dont make misleading statements about the breach.

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Environmental Responsibilities for Business.

. Manufacturers and importers must also comply with certain consumer guarantees. They should supply goods or services to the consumers at reasonable prices and do not try to exploit them by forming cartels. Under health and safety law employers are responsible for managing health and safety risks in their businesses.

Let us go through some social responsibilities of an organization towards its customers. Individuals have social responsibilities regarding their ethical behavior in the business world. Many companies such as those with green policies have made social responsibility an integral part of their business models and they have done so without compromising profitability.

The most provocative statement of the past half-century on the role of business in society came in an essay in the New York Times written by a fellow named Friedman. And dont withhold key details that might help consumers protect themselves and their information. Now corporate companies have realized that business activity in an environmentally responsible.

The following provides a broad outline of how the law applies to employers. The piece remains as polarizing today as it was. This information often is necessary to fill orders meet payroll or perform other necessary business functions.

Some of these may be contractual or legal obligations others may be promises for example to conduct business fairly and to treat people with dignity and respect. Business principle 3 True or false. Keeping people employed and letting them have time to enjoy the fruits of their labor is the finest thing business can do for society.

In a now-famous 1970 Times magazine article the economist Milton Friedman argued that businesses sole purpose is to generate profit for shareholders. In general your responsibility is to operate fairly and consistently while providing customers with a satisfactory experience. Companies should also strive to provide job security whenever possible.

This includes openness and transparency in. Going beyond business activities and taking care of the environment can bring business benefits. Nocompanies are just embracing their responsibility to have a positive impact on the well-being of the communities they benefit from and weaving that obligation into the fibers of their business.

However if sensitive data falls into the wrong hands it can lead to fraud identity. Create a comprehensive plan that reaches all affected audiences employees customers investors business partners and other stakeholders. Businesses that provide goods by selling leasing or hiring or services to consumers in Australia must comply with the consumer guarantees.

Under the Environmental Responsibility of the Corporates it is expected to operate in a manner that protects the environment. Treat your customers as kings and do not think of them only when you have a pressure to meet your targets within the stipulated time frame. Social Responsibilities of Organization Towards Customers.

Businesses that sell goods guarantee that those goods. Organizations are responsible to the general public to be good corporate citizens. Accountant typically perform all of the following tasks for a business EXCEPT.

Beyond this fundamental responsibility employers must provide a clean safe working environment that is free from all forms of discrimination. Most companies keep sensitive personal information in their filesnames Social Security numbers credit card or other account datathat identifies customers or employees. Milton Friedmans essay The Social Responsibility of Business Is To Increase Its Profits was published in the New York Times 50 years ago.

Governments have now affirmed that all businesses have a direct responsibility for all their impacts and for preventing human rights harms they might cause whilst ensuring that adequate remedies. Firms must help protect the environment and provide a good place to work. Both businesses and their employees are expected to show loyalty.

Whatever those obligations are the business has a responsibility to keep them. Consumer guarantees applying to goods. Major responsibility of business towards different sections of society are as.

Develop the firms marketing strategy. Businesses also have a responsibility to customers to provide good safe products and services. A Reevaluating its ethics codes based on the input of.

The following responsibilities of business enterprises to consumers are worth mentioning. Business depends on society for inputs like money men and skills and also for market where products have to be sold to the customers. Have a communications plan.

Dont forget employees and the self-employed have important responsibilities too. Of course Im talking about Milt not Tom. There are organizations that do not bother to touch base with their customers the whole.

The procedure used by accountants to convert transactions into financial statements is called ________. The trend of corporate responsibility is growing so much its putting pressure on even the most infamous corporations in the United States.

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