Question

'Business is essentially, a social institution and no merely a profit making

activity.' Explain.​

Answer 1

Explanation:

Business is essentially a social institution and not merely a profit making activity'. Explain. The primary objective of any business enterprise is profit maximisation. ... As every business makes use of society's resources in terms of human and physical capital, it cannot work in isolation from society.Jun 2, 2015

Answer 2

Answer:

The primary objective of any business enterprise is profit maximisation. ... As every business makes use of society's resources in terms of human and physical capital, it cannot work in isolation from society.