Introduction to Business

Formation of a company is a complex activity involving completion of a lot of legal formalities and procedures. To fully understand the process one can…

Promotion of Company Promotion is the first stage in the formation of a company. It involves conceiving a business opportunity and taking an initiative to…

Elements of Business Ethics Since ethical business behavior is good for both the business enterprise and society, it makes sense to discuss how the enterprises…

Business Ethics From the social point of view, business exists to supply goods and services to the people. From the individual point of view, the…

Social responsibility towards different interest groups: Social responsibility of business refers to its obligation to make those decisions and perform those actions which are desirable…

Role of Business in Environmental Protection Since the quality of the environment is important for all of us, we have a collective responsibility to protect…

Arguments against Social Responsibility Major arguments against social responsibility are: (i) Violation of profit maximization objective: According to this argument, business exists only for profit…

Kinds of Social Responsibility Social responsibility of business can broadly be divided into four categories, which are as follows: (a) Economic responsibility: A business enterprise…

Arguments for Social Responsibility (i) Justification for existence and growth: Business exists for providing goods and services to satisfy human needs. Though, profit motive is…

e-Business Applications e-Procurement: It involves internet-based sales transactions between business firms, including both, “reverse auctions” that facilitate online trade between a single business purchaser and…