Question

Roshni Ltd is a Mumbai based Indian multinational company engaged in design, manufacturing
and marketing of products related to power generation, transmission, and distribution. It has also
set up a factory for manufacturing solar lanterns in a remote village as there was no reliable
supply of electricity in rural areas.
In the context of the above case:-
a) Name any two values which the company wants to communicate to the society.
b) Identify and explain the type of objective of business being full filled by Roshni ltd, by
setting up a factory in rural areas.
c) Briefly explain any two economic objectives of a business organisation​

Answer 1

Answer:

a) Following r the two values :

1)concern for rural areas.

2)employment generation in rural areas.

b) social objective

c) Following r the two economic objectives of business :

1)survival

2)profit

Explanation:

b)Social objective is being fulfilled by roshini Ltd. by setting up a factory in rural area.

Social objective: As a business uses the resources of the society nd earns from the members of the society, so it has the obligation to fulfil the expectations of the society. It must provide good output to them. Some of social objectives are :to provide good quality product, to raise standard of living, to generate employment.

c) 1)Survival:the management has to ensure that the business must survive in a competitive market. In order to survive the business must earn enough revenue to cover costs.

2)Profit: After survival the business has to earn above the cost i.e.profit. Profit is required to cover the cost nd risk of business. In order to earn profit the business has to take risk,as it is said that, higher the risk more will be the profit.