wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Business produces goods and supplies the goods that are required for the development of a nation. This forms a part of ______ objective of the business.

A
Economic
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Environmental
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Technological
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Social
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is C Social
Social objective are those objectives of business, which are desired to be achieved for the benefit of the society. Since business operates in a society by utilizing its scarce resources, the society expects something in return for its welfare.
Management is responsible for setting and achieving objectives for the organisation. The main objective of any organization should be to utilise human and material resources to the maximum possible advantage, i.e., to fulfill the economic objectives of a business.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Not-For-Profit Organisations
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon