Question

Business firm should be aware of the changes in society
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Answer 1

The business firm should be aware of the changes in society because they utilize its resources to create money create for themselves.

EXPLANATION-

Business firm opts resources like man, machinery, money, material, and power to create desired goods and services to render them in society.

Society plays a vital role in building up any small or large scale business in its economy. Society and business work in hand to hand off each other and fulfill the needs or wants of both of then in one or another ways.

Conclusion-

Hence, a business system should be flexible enough to work as per the dynamic of the society it is working in to bring efficiency and effectiveness within the channelizing as well as with the social needs and demands.

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Answer 2

Business Company opts for resources such as man, machinery, money, material, and power to create desired goods and services for rendering them in society.

Explanation:

• Society plays a vital role in developing every enterprise on a small or large scale within its community. Society and company function in hand to deliver and satisfy in one manner or another the desires or expectations of both of them.
• A business system should, therefore, be sufficiently flexible to work in accordance with the dynamics of the society in which it works to bring efficiency and effectiveness to the channeling as well as social needs and demands.

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