Question

what are economic objectives of business??​

Answer 1

THE BUSINESS OBJECTIVE IS A GOAL THAT IS WHERE THE BUSINESS WANTS TO REACH IN THE FUTURE. FOR EXAMPLE A BUSINESS WANTS TO SETUP ITS FRANCHISE IN ANOTHER STATE IN THE NEXT THREE YEARS OR IT WANTS TO INCREASE IT WORKFORCE IN THE COMING MONTH.
THE BUSINESS NEEDS A OBJECTIVE , WITHOUT OBJECTIVE BUSINESS IS LIKE A CAR WITHOUT HEADLIGHT DRIVING BLIND. OBJECTIVE OF BUSINESS ARE THE PURPOSE FOR WHICH THE BUSINESS IS ESTABLISHED AND PERFORMED . WE CAN CALL OBJECTIVE THE CORNERSTONE OF EVERY BUSINESS.
OBJECTIVES ARE NEEDED IN EVERY AREA WHERE PERFORMANCE AND RESULT DIRECTLY AFFECT THE SURVIVAL AND PROSPERITY OF A BUSINESS. THE RIGHT CHOICE OF OBJECTIVE IS CRITICAL FOR THE SUCCESS OF THE BUSINESS. THE OBJECTIVE OF A BUSINESS CAN BE CLASSIFIED INTO TWO MAIN CATEGORIES , WITH CHARGE :
- ECONOMIC OBJECTIVE
- SOCIAL OBJECTIVE .

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Answer 2

Answer:

The economic objective of business is earning profit in return of bearing risks. Also, to exist in the competition market for a long period of time and growth and expansion of business like number of branches,more number of employees etc.

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