the object of business should be profit and service both explain in brief
Answers
Answer:
The business should be a profit for us. Also, our business should be service for others. This means we should get profit through our business and people should be happy with our business. Some of these type businesses are Doctor, engineer etc.
Explanation:
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Answer:
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Explanation:
The business objective is a goal, i.e. where the business wants to reach in the future. For example, a business wants to set up its franchise in another state in the next 3 years or it wants to increase its workforce in the coming months.
Business needs objectives, without objectives the business is like a car without headlights driving blind. Objectives of business are the purpose for which the business is established and performed. We can call objectives the cornerstone of every business.
Objectives are needed in every area where performance and results directly affect the survival and prosperity of a business. The right choice of objectives is critical for the success of the business. The objectives of a business can be classified into two main categories, which are
1. Economic objectives
2. Social objectives