Modern concept of business insist on *
Answers
Answer:
consumer satisfaction is the central point ofmodern concepts of business. ... With helps of above definition,business can be taken as an economic activities concerned with the production and sale of goods and services to the society so as earn profit by satisfying human wants.
Modern concept of business insist on?
A) Earning huge profit B) providing services
C) bearing risk D) profit with service
The correct answer is :
D) Profit with service
Explanation :
Modern concept of business insist on profit with service.
Modern business acts on this principle, that along with service, benefits are also received. Originally the main principle of any business is to get the benefit. Any business is done only for the purpose of getting benefits. This benefit is in the form of economic benefits.
Modern business acts with a new principle. He emphasizes that there is a profit in business, but the benefits that have been received, they should get the benefit by giving the right service. That is, service should be provided in such a way that it should also be benefited. This is the basic principle of today's modern trade.
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