Question

MCQS
11. Modern concept of
Business insist on

A)Earning huge
profit
B)providing
services
C)bearing risk
D)profit with
service​

Answer 1

Answer:

profit with service is the modern concept of business

Answer 2

The correct answer is OPTION D: Profit with Service.

• A corporation makes money by satisfying its customers, according to the present methodology.
• Customers are an organization's lifeblood.
• Long-term client relationships are fostered.
• Profitable businesses must also be socially responsible.
• It should be concerned with society's and consumers' well-being.
• It has to work within the confines of the law.
• Business refers to all economic activities that aim to generate profit and prosperity by satisfying human wants, such as manufacturing and selling things.