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प्रश्न
Business is a ________ activity.
पर्याय
Socio-economic
Service
Charitable
Non-profit
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उत्तर
Business is a socio-economic activity.
Explanation:
The primary objective of any business enterprise is profit maximization. Profit acts as a measure of success. However, it is argued that business enterprises are not just profit-making entities. They also fulfill the duties and responsibilities towards society, as their members carry out activities that are favorable to the society. Thus, business activity has economic as well as social goals. Therefore, it is regarded as a socio-economic activity.
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संबंधित प्रश्न
Answer in a word / phrase / term.
A set of Principles of right conduct.
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Write a word or phrase or a term which can substitute the following.
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Write a word or phrase or a term which can substitute the following.
The critical, structured examination of how people and institutions behave in the world of commerce.
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Choose the correct option for the following:
Which of the following alone can ensure effective ethics programme in a business enterprise?
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Business ethics
Explain the following term/concept.
Social values
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Business ethics can be considered as a tool for social development.
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What is ethics?
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Define business ethics.
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