11th Class Business Studies Evolution And Fundamentals Of Business Question Bank Evolution and Fundamentals of Business (Long)

  • question_answer
    16. If one starts a business, which objective will be of utmost importance to you and why?                                                                         

    Answer:

    Ans.     If one starts their own business, our social objectives will be of utmost importance to me because:                                                             (a) It will create employment opportunities in the economy. He/she will make use of such methods which are desirable from a society point of view.                
    (b) It will help us provide good quality product at reasonable prices to customers.
    (c) It will keep the environment pollution free.
    (d) When we will concentrate on these objectives, it will satisfy one consumer and employees. Consumer satisfaction will lead to improvement in these goodwill and market standing. Employee satisfaction will lead to increase in productivity. These two factors will increase profits in the long run automatically.


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