Question

The purposes of business that goes beyond earning profits ___________.

• A. An important institution in society
• B. For the supply of goods and services
• C. Creating job opportunities
• D. All of above

Answer 1

Answer: (D)

All of above

Business is an economic activity which is done to earn a profit for a long run. Although the main objective of a business is to earn profit but there are many other purposes for which a business entity functions. The purposes of business that goes beyond earning profits are:

1. An important institution in society which provides goods and services to the customers.

2. It is an entity which provides the supply of goods and services in the society.

3. It creates job opportunities in the society.