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.
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 fulfilled by Roshni Ltd. by setting
up a factory in rural areas.
c) Briefly explain any two economic objectives of a business organization.
Answers
Objective of business being fulfilled by Roshni Ltd. by setting up a factory in rural areas
Explanation:
a) The values are:
- The company needs to develop the rural area.
- The company needs to increase the employment opportunities in the society.
b)Social objective is being fulfilled by roshini Ltd. by setting up a factory in rural area.
Social objective: As the business earns from the members of the society, so it has the obligation to fulfill 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.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 and risk of business. To earn profit the business has to take risk, as it is said that, higher the risk more will be the profit.
To know more:
Briefly explain any two economic objectives of a business organization.
https://brainly.in/question/16443169