explain the economic objectives of any bussiness organisation
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Economic objectives of business refer to the objective of earning profit and also other objectives that are necessary to be pursued to achieve the profit objective, which include, creation of customers, regular innovations and best possible use of available resources.
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time.
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The business is an economic institution operating in a socio-economic system. Therefore , objectives of business should be defined.
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