explain three social objective of business
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Social Objectives of Business
Supply of Quality Goods and Fair Prices. The community pays for goods and services the business offers to it. In turn the community expects that the business will adhere to the standard. Of quality which is necessary to satisfy its wants and business will also ensure that whatever is being made available to the community is being made available at competitive and fair price. A consumer surplus to the buyer and normal satisfactory profit to the business go side by side and both are complementary. In fact this sis norm of a business unless this is not ensured the survival and development of the business may not assure in this complex business world.
Fair Deal to Workers. Wherever they are working for living the workers should be motivated to work for the organization so as to make the organization forehead amidst fierce when the business is able to attract best talent towards its organization. It is because of this business has to meet the needs of workers and make them a satisfied lot. A fair deal to workers helps the business in this direction.
Fair Return to Investors. Profit to investors must be ensured which should be fair one according to the prevailing market conditions. This is an important objective. Investors provide working capital as well as fixed capital to the business. Business therefore, must aim to allow them a fair amount of return so that their interest must remain in the business.
Fair Deal to Suppliers. Supplier supply the raw materials with the help of which goods are manufactured. Supplier supply all other components and accessories to the manufacturing organization, which in turn ensures smooth and timely production. Similarly suppliers supply the goods to a commercial venture for onward supply to the ultimate consumers. Whatever may be the type of business the suppliers form the basis of the entire business community. They expect a fair deal, that is, payment in time, regular placement of orders, ethical business dealing sand continuity. Thus the business has to ensure in its own interest as the supplier is the basic link between the business and community. They too are to be kept satisfied particularly at a time when there is a paucity of qualitative supply of goods – whether industrial or commercial.
Supply of Quality Goods and Fair Prices. The community pays for goods and services the business offers to it. In turn the community expects that the business will adhere to the standard. Of quality which is necessary to satisfy its wants and business will also ensure that whatever is being made available to the community is being made available at competitive and fair price. A consumer surplus to the buyer and normal satisfactory profit to the business go side by side and both are complementary. In fact this sis norm of a business unless this is not ensured the survival and development of the business may not assure in this complex business world.
Fair Deal to Workers. Wherever they are working for living the workers should be motivated to work for the organization so as to make the organization forehead amidst fierce when the business is able to attract best talent towards its organization. It is because of this business has to meet the needs of workers and make them a satisfied lot. A fair deal to workers helps the business in this direction.
Fair Return to Investors. Profit to investors must be ensured which should be fair one according to the prevailing market conditions. This is an important objective. Investors provide working capital as well as fixed capital to the business. Business therefore, must aim to allow them a fair amount of return so that their interest must remain in the business.
Fair Deal to Suppliers. Supplier supply the raw materials with the help of which goods are manufactured. Supplier supply all other components and accessories to the manufacturing organization, which in turn ensures smooth and timely production. Similarly suppliers supply the goods to a commercial venture for onward supply to the ultimate consumers. Whatever may be the type of business the suppliers form the basis of the entire business community. They expect a fair deal, that is, payment in time, regular placement of orders, ethical business dealing sand continuity. Thus the business has to ensure in its own interest as the supplier is the basic link between the business and community. They too are to be kept satisfied particularly at a time when there is a paucity of qualitative supply of goods – whether industrial or commercial.
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HIII
THREE OBJECTOF BUISNESS ARE:
1.) PROFIT EARNING:
PERSON IN THE BUISNESS ALWAYS KEEPS HIS AIM FOR EARNING EXTRA INCOME OR WE CAN SAY PROFIT .THIS IS BECAUSE PROFIT IS NECESSARY FOR MORE DEVELOPMENT IN THE BUISNESS.
2.) CREATION OF CUSTOMER:
IN BUISNESS IF YOU ARE ABLE TO ATTRACT MORE NUMBER OF CUSTOMERS THAT IS THE SIGN OF YOUR DEVELOPMENT AND POPULARITY.
3.)INCREASING PRODUCTIVITY:
IT IS IMPORTANT TO INCREASE THE PRODECTIVITY BECAUSE THIS USUALLY MEASURES THE EFFICIENCY OF THE BUISNESS ACTIVITY.
HOPE THIS HELPS YOU
PLEASE MARK AS BRAINLIEST
THREE OBJECTOF BUISNESS ARE:
1.) PROFIT EARNING:
PERSON IN THE BUISNESS ALWAYS KEEPS HIS AIM FOR EARNING EXTRA INCOME OR WE CAN SAY PROFIT .THIS IS BECAUSE PROFIT IS NECESSARY FOR MORE DEVELOPMENT IN THE BUISNESS.
2.) CREATION OF CUSTOMER:
IN BUISNESS IF YOU ARE ABLE TO ATTRACT MORE NUMBER OF CUSTOMERS THAT IS THE SIGN OF YOUR DEVELOPMENT AND POPULARITY.
3.)INCREASING PRODUCTIVITY:
IT IS IMPORTANT TO INCREASE THE PRODECTIVITY BECAUSE THIS USUALLY MEASURES THE EFFICIENCY OF THE BUISNESS ACTIVITY.
HOPE THIS HELPS YOU
PLEASE MARK AS BRAINLIEST
aarohi75143:
u deserve that
no need of thnx
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