Question

Earning profit cannot be the only objective of business. Do you agree with the statement ? justify your answer.​

Answer 1

Answer:

Yes, I agree with this statement. Just as eating is essential for the survival of any human being, same way profit is essential and must for the survival of any business. But a person cannot survive for a long time and cannot lead a healthy life only by eating. A person has to perform other activities as well, such as social activities, religious activities and patriotic activities. Similarly, a business with the sole motive of earning profit cannot survive for a long time. To capture a big share in the market .and to create the goodwill, businessmen must have social and individual objectives along with the economic objective of earning profit.