How do values affect business enterprises?

Open in App

Solution

Values refer to concepts that a society holds in high esteem, such as freedom, social justice, equality, etc. Values affect business enterprises by making it more responsible towards society, enforcing non-discriminatory employment practice and providing freedom of choice to its customers.

Suggest Corrections

Similar questions

State four examples of changes in a business environment that affect business enterprises.

Why do the business enterprises need to adopt pollution control measures?

'Ploughing back of profits' holds the key to success of business enterprises. Do you agree? Give three reasons.

Do you think small business units can survive in a competitive market? Explain any three factors which make way for the scope of small business enterprises.

How can a business enterprise avoid the problem of government regulation ?

Join BYJU'S Learning Program