Tariq Shehzad
****CREATIVE WRITER****
To achieve profitability and maintainability in a business must:
1. Produce quality products
2. Operate efficiently and effectively
3. Be socially responsible and ethical
A business man has responsibilities towards its stakeholders. The stakeholders are groups with a stake in the success and outcomes of a business e.g. customers, employees, investors and government regulators etc. The society at large is also a stakeholder as it is also affected by the business. The businesses are concerned about the effect of the production and distribution of their products on environment.
1. Produce quality products
2. Operate efficiently and effectively
3. Be socially responsible and ethical
A business man has responsibilities towards its stakeholders. The stakeholders are groups with a stake in the success and outcomes of a business e.g. customers, employees, investors and government regulators etc. The society at large is also a stakeholder as it is also affected by the business. The businesses are concerned about the effect of the production and distribution of their products on environment.