What are the responsibilities and accountabilities of entrepreneurs to the general public?

Responsibilities to the general public These responsibilities include reducing dangers and promoting public health, protecting the environment, and developing the quality of the workforce. Many would also argue that businesses should support charities and social causes through corporate philanthropy.

What are the responsibilities and accountabilities of entrepreneurs?

Terms in this set (12)

  • Responsibility. …
  • Accountability. …
  • Pay Wages and Taxes. …
  • Create and Maintain a Safe workplace. …
  • Facilitate Workers’ Compensation Insurance. …
  • Enforce Anti-Discrimination Law (EEO) …
  • Equal Employment Opportunity. …
  • Respect Human Rights.

What are the responsibilities of business towards their general public?

Organizations are responsible to the general public to be good corporate citizens. Firms must help protect the environment and provide a good place to work. Companies also engage in corporate philanthropy, which includes contributing cash, donating goods and services, and supporting volunteer efforts of employees.

What are the responsibilities of entrepreneurs?

11 roles of an entrepreneur

  • Initiating and leading business activities. …
  • Allocating employees’ duties. …
  • Forecasting business changes. …
  • Creating jobs. …
  • Identifying business opportunities. …
  • Creating and sharing wealth. …
  • Improving the standard of living. …
  • Taking up and reducing business risk.
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What are the responsibilities of an entrepreneur towards the society?

The activities of an entrepreneur towards the welfare of the society earn goodwill and reputation for the business. People prefer to buy products of a company that engages itself in various social welfare programs. Again good public image also attracts the honest and competent employees to work with such employers.

What are the responsibilities and accountabilities of entrepreneurs towards suppliers?

The responsibilities of the entrepreneurs towards the suppliers are as follows:

  • To Pay Fair Prices of Goods. …
  • To Pay in Reasonable Time. …
  • To Inform about Changes in Market. …
  • To Give Guarantee of Minimum Price. …
  • To Motivate Indigenous Supplies. …
  • To Provide Technical Advice. …
  • To Inform Suppliers of Future Developments.

What responsibility does the company have to the stakeholders?

Here’s what we argue: The social responsibility of business is to create value for stakeholders. That means its customers, suppliers, employees, and communities, as well as its shareholders.

What are the responsibilities of a business towards consumers?

The main responsibilities of business towards consumers are: To supply better quality goods at the right time at a reasonable price. To provide after sale service on the basis of nature of a product. … To take necessary steps to improve quality, reduce price and develop the network for distribution.

What are the responsibilities of business towards the community?

The responsibilities of business towards community are as follows :

  • To adopt socially desirable behaviour and standard of living, avoiding ostentation and wasteful expenditure.
  • To play a fair role in civic affairs.
  • To provide and promote general amenities and help in creating better living conditions in general.
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What are the responsibilities of business towards owners?

Responsibilities towards owner: Business should be conducted on a profit basis for the prosperity and growth of owners. Then only it will be in a position to perform any of its social responsibilities towards other interest groups.

What are the responsibilities of an entrepreneur to the environment?

Use recycled products. … Keep an eye out for products that are described as being recycled, and if you have a choice, opt for ones that are, even if they cost a bit extra. By extension, you should also recycle any recyclable products you have in your business. Make use of “green” appliances.

What is the social responsibility of entrepreneurs or advertisers to customers?

In such conditions, it is essential that the entrepreneurs fulfill social responsibilities towards the customers or consumers, or they will get dissatisfied. Hence, the entrepreneurs should provide commodities and services, according to the desires and needs of the consumers, at reasonable prices.