Describe the concept of business in modern context
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The concept of business in modern context
Modern business has become personal and practice oriented, the modern paradigm places students themselves at he center of the learning process as the active subject of the goal setting.
Consumer satisfaction is the central point of modern concept of business.
Profit can be earned by maintaining social responsibility.
It survives to include every accept of human civilization which provides a unique opportunity to enhance personal expertise through communication with each other and also with experienced tutors.
Modern business has become personal and practice oriented, the modern paradigm places students themselves at he center of the learning process as the active subject of the goal setting.
Consumer satisfaction is the central point of modern concept of business.
Profit can be earned by maintaining social responsibility.
It survives to include every accept of human civilization which provides a unique opportunity to enhance personal expertise through communication with each other and also with experienced tutors.
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Answer:
Modern concept talks more about the customer satisfaction than profits.
Explanation:
This is decided on the basis of its quality of product and services, efficient management system, use of state of the art technologies, doing market surveys, being informed about competitors etc
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