Question

Although earning profit cannot be the only objective of business. What are the multiple objective of objectives of business ,

Answer 1

Answer:

Objectives are needed in every area where performance and results affect the survival and prosperity of business.

Market standing: It refers to the strong foothold of the enterprise among st other competitors. It is very important for a business to have a better market standing by offering full satisfaction to customers.

Productivity: Every enterprise should aim at a higher productivity by efficiently  using the available resources. It is calculated by the anticipated value of outputs to the inputs required in the production process.

Efficient use of resources: A business needs both physical as well as financial resources. Physical resources include plans and machinery and financial resources are the funds needed to produce goods and supply them to the customers.  

Profit: Profit is one of the main objectives of a business. Profit provides support to the business and helps in its growth.

Management: It is very important for the management to have a positive outlook and they should be efficient in their job. A large portion of the company's operations depend on the attitude of the management.

Social responsibility: A business cannot be only profit centric. It should have a social responsibility to come forward and help those in need.

Explanation:

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Answer 2

Explanation:

1. survival
2. growth
3. social objective

• providing employment
• held educational and health development program on location, etc