14. Climax Ltd. decided to open a the new factory for ready made garments in the
remote area of Bihar. Company aim is to generate employment opportunity's for
the unemployed youth and to raise standard of living of people in the rural areas.
Identify the objective of business Which is a followed by the company.
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in classical physics and general chemistry matter is any substance that has mass and takes up space by having volume
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Social Objective
Explanation:
The objective of business which is followed by the company in the given case is Social Objective. It refers to those objectives of business which involves the creation of benefits for society. Every organization, whether it is a business or non-business, it has a social obligation to fulfill. It involves:
- Supply quality products
- Using environmental friendly production methods
- Adoption of fair trade practices
- Contribution to the welfare of society
- Giving employment opportunity to the disadvantaged or backward sections of society.
- Providing basic amenities like schools, hospitals, etc.
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