Question

Management is responsible for efficient utilisation of men and material resources for

fulfilling the economic objectives of the business. Explain about these economic objectives.
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Answer 1

Answer:

Vital Objectives of Management: ... The principal objective of any company must be to use material and human resources to the maximum potential benefit, i.e., to meet the financial objectives of a firm. And, they are survival, profit and growth. Survival: The essential objectives of any industry is survival.

These objectives are set on the basis of the goals of the organisation.

These objectives are set by keeping in mind the interests of various stakeholders like owners, employees, shareholders, employees etc.

The purpose of setting these objectives is to ensure optimum use of all available resources.

Management is responsible to set and achieve such objectives.

Explanation:

Answer 2

Answer:

yes

Explanation:

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