Explain in brief about social objectives of a business.
Answers
Explanation:
Social objectives of business refer to the obligations of business towards customers, employees, investors, suppliers, government and the general public. The profits of business represent government and the general public.
The profits of business represent a social surplus in which all stockholders roust share in proportion to their contributions.
Business has a responsibility towards society. It has the following social objectives:-
1. Qualitative Products and Services 2. Fair Pricing 3. Generating Employment 4. Conservation of Natural Resources 5. Welfare of Employees 6. To Improve Industrial Relations 7. Social Security 8. Help to Solve Social Problems
Answer:
Social objectives of business refer to the obligations of business towards customers, employees, investors, suppliers, government and the general public. The profits of business represent government and the general public.