Fill in the blanks with suitable word(s) from those given in brackets:
i. To produce and distribute essential goods at a reasonable price is a/an
_____________ objective of business. (social, national, human)
ii. To help the country to become self-reliant business units should aim at
increasing ________________. (export, import, prices)
iii. Business units should pay taxes honestly
and______________.(occasionally, frequently, regularly)
iv. Business should provide equal opportunities to all its
__________________. (owners, employees, suppliers)
Answers
Answer:
i. To produce and distribute essential goods at a reasonable price is a/an
social objective of business. (social, national, human)
It is termed as social objective because a society basically involves both rich and poor people. So the reasonable price is maintained throughout.
ii. To help the country to become self-reliant business units should aim at
increasing exports. (export, import, prices)
A country can become self reliant business unit if it increases it export because exporting means increase in business and it also fulfills the objective of making profit by making the business in an international level.
iii. Business units should pay taxes honestly
and frequently.(occasionally, frequently, regularly)
Business units should pay taxes frequently because for setting up a business it requires a number of norms and procedures so it involves paying of taxes.
Business should provide equal opportunities to all its
owners. (owners, employees, suppliers)
It should provide equal opportunity to all its owners because if the business is in partnership it is in the law to have equal part.