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Question
State the objectives of business.
Short Answer
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Solution
- Economic Objectives:
- Earning profits
- Creating demand
- Optimum use of resources
- Innovation
- Growth and expansion of business
- Social Objectives:
- Quality goods at fair prices
- Fair wages to workers
- Payment of taxes in time
- Employment generation
- Environmental protections
- Human Objectives:
- Human treatment to employees
- Job satisfaction
- Ethical practices
- Healthy working conditions
- Career growth
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