Question

21. Deepak Enterprises Ltd. Has been earning high profits over the years. As a result, its owner Mr.
Deepak Sethi is leading a good standard of life. Moreover, he plans to open a new branch office in a
few months: In the context of above case: -

i) Identify the different points highlighting the role of profit in business being discussed in the above
paragraph.
ii) 'Earning profit cannot be the only objective of business'. Do you agree with this statement?​

Answer 1

Answer:

I) a. Better standard of living

b. expansion

2) yes , I agree with statement.

Earning profit is not only the objective of a business but also there are some social objective like :-

supply of quality products

avoidance of unfair trade practices

welfare of employees

Generation of employment

community service

avoidance of pollution...

Explanation:

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