What is the social responsibility towards government?

What is the social responsibility towards government?

(1) Observation of Rules and Regulation: The organization are required to follow the rules and regulations laid by the government in proper manner. (2) Payment of Taxes:The business organizations must pay taxes and duties regularly to the government such as sales tax, income tax, octroi duty, custom duty, VAT, etc.

What specific social responsibility does an organization have towards its suppliers?

Suppliers must always be in compliance with the national or regional laws and maintain proper observance of social norms. Moreover, suppliers must be fair in its dealings with creditors and organizations. They must also maintain the approved quality and delivery standards expected from them.

What are the responsibilities of business 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 is the social responsibility of a business towards consumers and government?

Regular supply of goods at the right price and right place. Provide sufficient quantity and quality of goods as per demands. A large variety of products should be provided to consumers. The goods must meet the needs of consumers of different classes, taste, purchasing power etc.

What responsibility does an organization have to ensure that its suppliers and business partners behave ethically?

What responsibility does an organization have to ensure that its suppliers and business partners behave ethically? To whom is this responsibility owed? Suppliers and business partners should make some agreement and policies that should ensure the proper treat and protect right of workers.

What are the social responsibilities of a company to its stakeholders?

What Are the Social Responsibilities of a Company to Its…

• Responding to Climate Change.
• Operating with an Ethical Supply Chain.
• Actively Protecting the Environment.
• Responding to Public Policy.

What is the responsibility of business to government?

The responsibility of business towards the government are as follows : To ensure regularity and honesty in the payment of fees, duties and taxes. To follow pollution control norms set up by the government. To establish new business units in rural and backward areas for balanced regional development of the country.

What is social responsibility to owners?

Corporate social responsibility refers to the approach that an organization takes in balancing its responsibilities toward different stakeholders when making legal, economic, ethical, and social decisions. Good corporate citizens, by contrast, are more successful in all these areas.

What is corporate social responsibility towards suppliers and creditors?

Corporate Social Responsibility towards Suppliers and Creditors. When companies uphold corporate social responsibility (CSR), they are accountable to various internal and external stakeholders.

What are the social responsibilities of business?

Social responsibility of business towards different sections of society Towards owners or shareholders Towards employees Towards consumers Towards government and Suppliers Towards community3. Reasons for the development of social responsibility concept4. Arguments against social responsibility5. Social activities undertaken by some companies

What is the social responsibility of entrepreneurs towards government?

Social Responsibility of Entrepreneurs towards Government The government regulates and controls the business, with the objectives of the systematic economic development of the country and safeguarding the interests of the more common man.

Does CSR practice apply to suppliers?

So, a supplier that enforces child labor in its activities is not a good example of who to deal business with. Relationship between suppliers and creditors must be mutually beneficial so CSR practice ought to be extended to both groups.