Question

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Explain the objectives of business.

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Answer 1

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Objectives of business are as follows :-

▪️ Economic objectives -

Economic objectives are required for the survival, growth and for earning profit.

The important economic objectives are:-

➡️ Earning profit :

Business mainly perform activities to earn profits.

➡️ Survival :

Management must ensure survival of organisation by earning revenues and overcoming competition.

➡️ Growth :

Needs to expand dlin the long run, by increasing productivity, turnover and resources.

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▪️ Social resources -

They are the obligation of business towards the society.

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Answer 2

hOLA MATE..!!!

Answer:

1. Getting and Staying Profitable

2. Productivity of People and ResourceS

3. Excellent Customer Service

4. Employee Attraction and Retention

5. Mission-driven Core Values

6. Sustainable Growth

7. Maintaining a Healthy Cash Flow

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