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Question

Identify and explain the objectives of business in the following statements

(a) Mrs. Suman, the owner of Start Coaching Institute teaches the poor children for free.

(b) HP comes out with latest Calling Tablet.

(c) Employer contributing to NPS (New Pension Company) to his employee.

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Solution

(a) Mrs. Suman, the owner of Start Coaching Institute teaches the poor children for free: Social responsibility of business is the objective which states the role of business towards upliftment of poor section of society along with profit making.

(b) HP comes out with latest Calling Tablet: Objective is providing new and upgraded products to its customers.

(c) Employer contributing to NPS (New Pension Company) to his employee: Objective is towards the welfare of its employees. There must be a security of service and job satisfaction and they develop a sense of belonging and dignity of labour.


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