Question

Mention steps taken by the business to adopt fair trade practices.

Answer 1

Following steps can be taken by the business to do fair trade practices:

(i) Use of standard weights and measures.

(ii) Payment of reasonable and fair remuneration to workers.

(iii) Not manufacturing and selling adulterated goods.

(iv) Production of quality goods.

(v) Earning resonable and justifiable profits.

(vi) Complying by the laws of the land.