GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The broad objective that states the overall aspirations of the business in the future
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An objective that states a businesses purpose and the way that it will achieve that purpose.
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Statements of desired achievement that provide direction for the business.
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All of the above
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Detailed explanation-1: -An objective statement is an explanation of company goals, including what the company would like to achieve and the overall ideals of the organization. Objective statements can vary in length and detail depending on the complexity of the company’s goals.
Detailed explanation-2: -Social objectives refer to the objectives, which are desired to be achieved for the benefit of the society. Business makes use of scarce resources of the society. So, society expects something in return for its welfare. Social objective deals with fulfilling obligations towards the society.
Detailed explanation-3: -Creating a strong business objective is important for your organization because it: Keeps employees focused on growth. Strengthens key elements of the business. Motivates you and/or team toward a goal.
Detailed explanation-4: -3.1 1] Profit Earning. 3.2 2] Market Share / Creation of Customers. 3.3 3] Innovation & Utilization of Resources. 3.4 4] Increasing Productivity.