Question

Write short notes on the following.

Social objectives of Business.

Answer 1

The following are the social objectives of a business:
i. Supply of desired products at fair prices: A business should produce and sell products of the desired quality in order to live up to the expectations of customers.

ii. Employment generation: Every business should create employment opportunities to ensure maximum employment beyond any discrimination on grounds of caste and creed.

iii. Welfare of employees: Business enterprises should provide good working conditions for the employees. They should also pay fair wages to the employees for their work.

iv. Environment protection: Business enterprises should adopt adequate measures to protect the environment; they should use environment-friendly techniques of production.