Question

'Creative Strokes' is an advertisement agency initiated by Rohit, Shagun, and Pratima. They have called a meeting to discuss the below given points:
(i) Increase the profit margin by 10% in May.
(ii) Capturing a bigger share in the market.
(ii) Making use of better cameras & improved techniques.
(iv)Making best use of cameras, lights, cameramen, finance etc. employed by the business
v) Improve efficiency in all regards of functioning of business.
(a)Which aspects of business objectives are being referred to here?
(b)Also develop each point to be discussed in the meeting by classifying the objective

Answer 1

Economic objective of business.

Explanation:

a) Economic objectives are being referred in Creative Strokes advertisement agency.  

b) 1) Profit is considered to be a reward to entrepreneur so we have to increase our profit.

2) A business needs profit to capture bigger share in market and for the expansion of business.

3) A business makes profit by creation of utilities like by making best use of cameras and improve techniques.

4) The profit earning capacity of business will judge its efficiency  in all regards of functioning of business.

To know more:

(a)Which aspects of business objectives are being referred to here?

(b)Also develop each point to be discussed in the meeting by classifying the objective

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