Question

"Earning of profit cannot be the objective of business any mow than the eating is the objective of living." Do you agree with this statement? Give reasons to support your answer.

Answer 1

Yes, I agree with this statement. Like eating is essential for survival of any human being, same way profit is essential and a must for survival of any business. But a person cannot survive for a long time and cannot lead a healthy life only by eating. A person has to perform other activities also such as social activities, religious activities and patriotic activities.

Similarly, a business with the sole motive of earning profit cannot survive for a long time. lb capture a big share in market and to create the goodwill businessman must have social and individual objectives along with economic objective of earning profit.