Frequent question: What do you think is the major responsibility of an entrepreneur to the supplier?

The entrepreneur has the responsibility to provide technical assistance to the suppliers for the production of anew and substituted commodities. The entrepreneurial organizations and Institutions and suppliers together should short research projects.

What do you think are the responsibilities and accountabilities of entrepreneurs to suppliers?

The responsibilities of an entrepreneur to his/her suppliers are, to pay monthly dues, follow what have been stated in the contract, none disclosure of the goods formula or ingredients supplied. proper handling of goods supplied and adheres standards provided by the suppliers.

What is the responsibility of business towards suppliers?

Responsibilities towards suppliers : (i) It should be impartial and courteous. (ii) To make fair and regular payments to suppliers. (iii) To adopt fair trade practices.

What are the responsibilities of entrepreneur to their consumers?

Summary of Learning Outcomes

Businesses are responsible to employees. They should provide a clean, safe working environment. … Businesses also have a responsibility to customers to provide good, safe products and services. Organizations are responsible to the general public to be good corporate citizens.

What are the four roles of an entrepreneur?

The four functions of an entrepreneur are – Innovation & creativity, Risk taking and achievement, organization & management and other functions.

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What are the five roles of an entrepreneur?

Throughout your tenure as an entrepreneur, you’ll find yourself filling these 10 important and varied roles on a daily basis:

  • Leader. …
  • Figurehead. …
  • Visionary. …
  • Decider. …
  • Financial analyst. …
  • Marketer. …
  • Receptionist. …
  • Customer service rep.

What are the 4 types of social responsibility?

Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.

  • Environmental Responsibility. …
  • Ethical Responsibility. …
  • Philanthropic Responsibility. …
  • Economic Responsibility.
To help entrepreneurs