English

State the objectives of business. - Commercial Applications

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Question

State the objectives of business.

Short Answer
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Solution

  1. Economic Objectives:
    1. Earning profits
    2. Creating demand
    3. Optimum use of resources
    4. Innovation
    5. Growth and expansion of business
  2. Social Objectives:
    1. Quality goods at fair prices
    2. Fair wages to workers
    3. Payment of taxes in time
    4. Employment generation
    5. Environmental protections 
  3. Human Objectives:
    1. Human treatment to employees
    2. Job satisfaction
    3. Ethical practices
    4. Healthy working conditions
    5. Career growth
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Chapter 1: Introduction to Commercial Organisations - QUESTION BANK [Page 21]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 1 Introduction to Commercial Organisations
QUESTION BANK | Q 3. | Page 21
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