What are the responsibilities of business towards employees and consumers ?

Explanation

Responsibility of business towards employees is in the form of training, promotion, proper selection, fair wages, safety, health, worker's education, comfortable working conditions, participation management etc. The employees should be taken into confidence while taking decisions affecting their interests.



The main responsibilities of business towards consumers are: To supply better quality goods at the right time at a reasonable price. ... To take necessary steps to improve quality, reduce price and develop the network for distribution. To avoid unfair trade practices like black marketing, adulteration, false advertising