Vishnu started his factory for manufacturing plastic items in Daman. As per the advise of his Manager, he appointed ‘Bizmadeeasy’ company to formulate a business plan for his manufacturing unit. The company in it’s business plan mentioned the cost of installing a water waste treatment plant within the premises of the manufacturing unit. Interpret any two socio-economic benefits expected to acquire from the proposed investment.
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Answer:
Responsibility regarding treatment of waste product, And saving the environment from its hazardous effects
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Explanation:
- The profit has both economic and social benefits.
- First, though the initial cost of set up or capital investment is higher the return or yield can be earned on a long term basis.
- The business can use the same water multiple times thereby reduce water charges.
- Second, through water treatment and letting out safe water, the pollution level is reduced.
- By doing so, society is safe. It also promotes environmental preservation. Hence, the profit benefits the firm and society.
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