explain the economic and non economic goals of business firms
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5
Answer:
economic goals
1. make their buyers sure that they have pure materials
2. sell a large amount of items with profit by awaring people about quality of items
non-economic goals
1. get profit from business
2. to recover losses at time
Explanation:
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The economic goals of business firms include profits while non economic goals include the societal impacts.
Explanation:
- There are economic and non economic goals of business firms. The primary economic goal of a business firm is profit earning. Profit is the fundamental aspect for a business.
- Other economic goals include aspects like acquiring customers, attaining and with holding customers, innovation and a wise use of resources for the gain of business.
- Non economic goals of a business firm is social responsibility, generation of employment opportunities, wise and sustainable use of environment and fair business practice.
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