Question

Explain the organizational objectives of management .

Answer 1

Explanation:

The organizational objectives of management refer to the main objectives required to fulfil the economic goals of the business organization.

• Survival: The basic objective of every business is to survive for a longer period in the market. The management must ensure survival of the organization by earning enough revenue to cover its costs.
• Profit: Only survival is not sufficient for business. Profit earning is essential for meeting the expenses and for the successful operation of the business. Thus management must ensure earning of sufficient profit.
• Growth: The next important objective of the management is to ensure future growth and development of the business.

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Answer 2

Answer:

Explanation:

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