Business Makers

A business owes its existence to its consumers.� The responsibilities obtuseness towards the consumers is given below:

To produce the goods and services needed and desired by consumers.
To provide goods and services of goods quality at reasonable prices.
To provide current information about goods and services.
To avoid malpractices such as adulteration, black marketing, misleading advertising, etc.
To redress the grievances of consumers effectively and promptly.
To comply with the laws aimed at protection of consumed.
To provide prompt and effective aftedr-sale service.

Business should assume social responsibility due to the following reasons:

It is in the long term interest of business

It will help to improve the public image of business

It will avoid government regulation of business activities

It is important to full fill social obligations unmoral

Consumers are now more conscious of their rights and demand such obligations from business enterprises.
Social obligations refer to the obligations or responsibilities of business to act in manner which will serve the best interests often society.� Social obligations are different form legal obligations. Legal obligations are compulsory and can be fulfilled merely by complying with the law.� Social obligations, on the other hand, relate to the voluntary efforts on the part of businessmen to sue social problems.� The concept of social obligation is based on the assumption that what is good for society is also good for business.
Business should assume social obligations due jot the following reasons:
Long Term Interest of Business:� Business gees its resources form the society.� It is the duty of business to satisfy the needs of society.� If business spends a part of is profits for improving social conditions, it will rat an environment more favorable to the long term prosperity of business.� Education, pollution control, enlistment of the poor and such other measures can be adopted or the improvement of society In the long run, a� successful business can be built on the foundations of a happy community.� Thus. Assumption of social obligations is in the long-term interest of business itself.
Public Image: A business firm can improve its public image by fulfilling its social obligations.� Such a business will enjoy the support of is customs and other interest groups. They will patronize it and as a result, it will earn more profits.
Avoidance of Government Control; If businessmen voluntarily discharge their social obligations, need of government controls avoided. Government control is costly to business as it reduces the flexibility for decision king.� For example, if a factory is causing pollution of air or water, the owner should take steps to prevent I.� if this in not done, government may ask the firm to shift to another area or to close down.� By assuming social obligations, businessmen cnmaintain freedom of enterprise.
MoralJustificatioin: Everybusienss enterprise makes use of physical, financial and human resources of the society.� It also depends intersociety for sale of goods and services.� Moreover, business firms make use of roads, power, water supply and other common facilities provided by the society.� Therefore, it is the moral responsibility of business to use all resource for the well-being of society.� Businessmen also have the knowledge, experience and he financé to cooperate with the government and help the society in solving its problems.
Social Awareness: In recent years, consumes have become increasingly aware of their rights.� Consumed groups and consumed courts are compelling business mentor dress the grievances of consumes.� Works have gone united in the form of trade unions to protect their interests.� These dovecotes make it necessary for businessmen to serve the interests of consumes, employees and other interest groups.
Social Power: Business enjoys considerable social pawed because its decisions affect all sections of society.� Social responsibility is necessary to balance power and responsibility.� If business does not assume obligations to society, the swear of society will be affected.� Other social groups may take away the social power of business.,
Resources Skills: Business has considerable resources ad skills some of which fan is useful involving society’s problems.� Busies is also known for its innovative skills sands efficiency in the use of physical so financial resources.� These deform business should help the society.
Creator of Social Problem: Business causes pollution and makes work places unsafe therefore it is the responsibility of business to help society in dealing with the negative impact of business activities.

Commerce denotes exchange of snoods and services for money and the activities that facilitate such exchange.� It is indispensable for modern economic life.� Industrial activities or production is meaningless unless the goods produced are sold and distributed among consumers through commercial activities.� Due to increasing division of labor and specialization, interdependence between regions and between nations has increased.� Commerce contributes towards such interdependence in the following ways

Commerce facilitates exchange and movement of goods through space and time.� Traders reduce the time and effort involved in buying and selling of goods and services.� For example, Hero Honda makes use of a large number of dealers to sell its motorcycles to people all ov3er the country.

Commerce helps to minimize booms and depressions in the economy by ensuring a balance between production and consumption.� For example, rise in the share of service sector in India’s gross domestics product (GDP) since independence has offset a sharp decline in the contribution f agricultural and manufacturing sectors.� Thus, commerce ensures a more orderly and healthy growth is the economy.

Commerce creates employment opportunities both directly and indirectly.� Directly, a large number of people are employed in trading, transportation, warehousing, banking, and insurance and other commercial activities.� Indirectly, continuous and effective distribution of goods ensures continuous and increasing employment in industries.

Commerce is helpful in raising the standard of living of people by ensuring a steady flow of more and better goods and services.� Advertising and publicity function of commerce brings new products and new used of products to the notice of consumes there by improving the quality of life.

Commerce accelerates the rate of economic development by bringing different sectors of the economy closer to each other and by facilitating better use of resources.� It encourages new entrepreneurs who explore and mollies unknown and untapped resources.� Commerce also facilitates growth of a primitive economy into a market economy by inducing people to reproduce not simply for self-consumption but for sale.

A country facing scarcity and famine can import food gains through commerce.� Imports of food grains and life saving drugs helps to save millions of lives from starvation, disease and death.

Commercial interactions help to bring different countries together. Modern means of transportation and telecommunication bring about better mutual understanding between people.� Such unification of countries brings about harmony and peace in the world.� Different cultures and religions come closer to one another.

A well known name automobile industry in India TATA motors chairman Ratan Tata said that they have good expectation in automobiles area in United Kingdom, in a likely recurrence of his significance in Land Rover and Jaguar. On the occasion of inauguration of Tata Corus plant at Netherlands.
While everyone expecting that he will not comment on the deal itself, “This process is on his path and it is practically private”. Tata motors have show interest in the ford’s Land Rover and Jaguar brands. According to expert opinion this deal will be worth more than USD 1.5 billion.
TATA motors great value in Indian automobile industry and now waving in wing by expanding and forwarding their steps toward global market. TATA earlier announced his 1 lakh car project in which they introducing a car worth Rs. 1 lakh. Let’s hope for the best as it will soon be on news.