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Definations O Business

 

These are as follows:.
             Business Objectives roles in society:.
             A business as an establishment has numerous objectives. Most of these objectives are similar to organization and they give the basis for which the business was formed. .
             Some of these objectives are such as:.
             Paying the suppliers in good time.
             Supporting the government in welfare and development programs.
             Conducting deals, transactions and business in an ethical manner.
             Efficient utilization of the environment's resources and minimize depletion of the environment's resources.
             Giving consumers good quality, safe and non - defective products.
             Educating consumers about products and use of the products.
             Increase shareholders' earnings.
             Promoting employees welfare through the provision of such things as educational, recreational, housing, and credit facilities.
             .
             Roles to Society.
            
             Supporting or providing educational, recreational, health, cultural, transportation, welfare and housing facilities.
            
             Welfare programs for the aged, handicapped and undernourished in the community.
            
             To avoid all forms of pollution of the environment such as water, noise or air pollution. .
            
             Making products available and affordable to the society.
            
             Safeguarding the shareholders' interests, e.g. by protecting shareholders' property from fraud or damage.
            
             Safeguarding society's health and safety.
            
             Cultural integration and creating harmony among members of society through employment.
             Employees.
             Business should be socially responsible to the employees in the following ways:.
             a. Rewarding employees equitably.
             b. Safeguarding employees' health and safety.
             c. Giving employees equal opportunities in such things as promotions and training.
            
             Promoting employees welfare through the provision of such things as educational, recreational, housing, and credit facilities.
            
             Effective and efficient personnel administration and industrial relations practices.
            
             Shareholders.


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