objectives of business class 11
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objectives of business class 11

objectives of business class 11

The human objectives of business may thus include economic well-being of the employees, social and psychological satisfaction of employees and development of human resources. It is required for expansion if business. Some of the major social objectives of business are: It provides better quality of goods and services by charging reasonable price. (adsbygoogle = window.adsbygoogle || []).push({}); It helps to organize all the activities. Class 11. Again a businessman can earn profits only when he/she provides quality goods and services at a reasonable price. EduRev is a knowledge-sharing community that depends on everyone being able to pitch in when they know something. (v) Self-sufficiency and Export Promotion: To help the country to become self-reliant, business units have the added responsibility of restricting import of goods. Objectives of business: Although earning of profit is considered to be the primary objective, objectives are needed in every area where performance results affect the survival and prosperity of business. By way of capital investment in developing as well as underdeveloped countries it can foster their industrial and economic growth. They should be given reasonable returns of their investments. It was wider than my shoulder. Log in. It helps to make activities of people effective. What make the mighty ocean and the beauteous land?​, Identify adverb clauses in these sentences.1. Work hard until you succeed.5. Economic objectives can be defined in terms of money too. Thus, the objectives of business may be classified as; Economic objectives of business refer to the objective of earning profit and also other objectives that are necessary to be pursued to achieve the profit objective, which include, creation of customers, regular innovations and best possible use of available resources. I thought they were pieces of fiberglass - that a boat had just hit me. Bank is a financial company. 1. These are the Nature and Purpose of Business class 11 Notes Business Studies prepared by team of expert teachers. It returns to investors the amount they have invested in business in the name of profit earn. This is the social objective of the business to control pollution and wastages. Profits must be earned to ensure the survival of business, its growth and expansion over time. You can download Free Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev pdf from EduRev by | Privacy Policy | Terms of Service. This can be done in many ways. To Study Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev for Class 11 EduRev is like a wikipedia Answer these Questions: - 1. Objectives guide and govern the actions and behaviour of businessmen. If you want Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev It helps in maximum utilization of resources. Another term for objectives is goals. Thus, business activities require various resources like men, materials, money and machines. This is an unfair trade practice. (iii) Make Available Globally Competitive Goods and Services: Business should produce goods and services which are globally competitive and have huge demand in foreign markets. Supply of commodities is also to be done according to needs of customer. Yes, I do. I beli This will improve the image of the exporting country and also earn more foreign exchange for the country. (iii) Contribution to the General Welfare of the Society: Business units should work for the general welfare and upliftment of the society. Again, the customers also expect timely supply of all their requirements. Therefore, a business house without nepotism and favoritism must employ the human from the society and provide employment opportunities to the optimum level. …, he ground is uneven.3. Some of the major economic objectives are: The main economic function of business is earning profit. It includes supply of quality goods and services to gain profit. Since business operates in a society by utilizing its scarce resources, the society expects something in return for its welfare. It is the objective to make duly payment. (iv) Well-being of Socially and Economically Backward People: Business units being inseparable parts of society should help backward classes and also people those are physically and mentally challenged. One of the important national objectives of business is to create opportunities for gainful employment of people. It helps in the transfer of goods/services from producers to customers. Do you believe in God?4. The people of one country get to use similar types of goods that people in other countries are using. As a responsible citizen, a businessman is expected to provide equal opportunities to all persons with whom he/she deals. 2. Making Revision Notes for Class 11 will help you to interpret everything you read into your own words to make you understand Class 11 concepts better. Business can prosper if the people employed can improve their skills and develop their abilities and competencies in course of time.

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