NCERT · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsThe responsibility of a business towards consumers includes:
Step-by-Step Solution
A business has a core responsibility towards consumers to supply goods and services of standard quality at fair and reasonable prices, avoiding adulteration, hoarding, and misleading advertisements.
Detailed Options Breakdown
Option : Payment of fair wages to workers
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 1: Supply of quality goods at reasonable prices (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Conservation of natural resources
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 3: Prompt payment of taxes
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
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