Social responsibility of business relating to inter-business relationships

Social responsibility of business relating to inter-business relationships and Social responsibility of business towards the state

    Healthy and co-operative inter-business relationship should always be promoted by the management of the company. Fair trade practices regarding prices, quality, delivery payment and service can be an expression of proper discharge of social responsibility in relation to dealers and suppliers. Unfair practices like rigging, undercutting, low advertising ethics, supply substandard goods and application of undue financial, legal and political pressures should be avoided in interbusiness dealings.

    An increasingly important role in guiding and regulating interbusiness sealing and also ineducating its members to act in public interest, has been assumed by trade and profession associations. Promotional activities like sales training course accounting service and stock control system are found useful in interbusiness relations, social responsibility of business of business be to promoted and patronize the function of the different association with whole hearted co-operation so that the interbusiness relation can be smoothy promoted for the mutual business motives.

Social responsibilities of business toward the state:

    government’s role in the economic and business sphere is primary to maintain law and order and to protect the interests of the people. For this purpose, often the government tales and increasing part in trade, production, distribution and control & regulation of the business. The combination of trade and policies power in the government has added to the state government, which are summarized as under:

    Abide by laws passed by local, state and central government. The business community should obey not only the latter of the law, but also the spirit of the law.  

    To co-operate with the legislatures in the formulation of the constructive of laws affecting business, and also with the executive agency in the administrative of laws. Instances are not lacking when businessmen, in different countries have undertaken or encouraged studies and research projects and have vitally influences the legislation as finally passed by the government.

    To pay taxes and dues honestly, fully and promptly.

    To refrain from indulging in activities leading to corruption in public service. Since business can cot wait and has to be kept going, businessmen are often tempted to bribe public officials to either overcome government red tape or get some favor.

    To sell commodities without adulteration.

    To follow fair trade policy and avoiding activities leading to monopolistic or restrictive trade practices.

    Business responsibilities toward the government are not one-sided. The business community also expects in return from the government, that it should law and order in the country, so that clean and efficient administration can be provided to the business circle. Further. The political stability, enactment of fair and practices laws with a degree of their enforceability are some other auxiliary activity of the government which may promote fair business practices in the country.