GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social objectives
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Corporate social responsibility
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Employee objectives
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Shareholder objectives
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Detailed explanation-1: -Social objectives of business include production and supply of quality and standard goods and services, adoption of fair-trade practices and contribution to the general welfare of society and provision of welfare amenities.
Detailed explanation-2: -To provide employment: The social objective of business is also to provide employment to the society. With the development of business, the need for employees arises. Thus, the business needs the services of good employees. So, the business provides employment to the society.
Detailed explanation-3: -Main social objectives of management are included in the following list: (i) To make available employment opportunities. (ii) To save environment from getting polluted. (iii) To contribute in improving living standard.
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.