Multiple Objectives Of Business Class 11

However there are some other objectives as well like increasing market share improvement in productivity employee satisfaction consumer satisfaction social objectives but the main and basic objective of a business is to make profits.

Multiple objectives of business class 11. Most students are introduced to new concepts of business trade and commerce in class 11 and are also relatively new to social objectives of business in general. Do subscribe to be a part of the community and never miss out on any new lectures. Since a business has to balance a number of needs and goals it requires multiple.

Business requires multiple objectives since it has to balance a number of needs and goals related to various aspects of society. Page 1 objectives of business made by rahat importance of profit for business i it is a source of income for business persons ii it can be a source of finance for meeting expansion requirements of business iii it indicates the efficient working of business iv it can be taken as society s approval of the utility of business v it builds up the reputation of a business enterprise. Market standing refers to the position of an enterprise in relation to its competitors.

Objectives are needed in every area where performance and results affect the survival and prosperity of business. Objectives of business nature and purpose of business part 4 class 11 business studies chapter 1 multiple objectives of business different objectives of busi. Business studies mcqs for cbse class 11th and 12th business studies is one of the commerce subjects that covers topics related to business marketing finance economics accountancy and organisational studies.

In fact objectives are needed in every area that influences the survival and prosperity of business. The best app for cbse students now provides nature and purpose of business class 11 notes business studies latest chapter wise notes for quick preparation of cbse exams and school based annual examinations. Regardless to obtain a fair understanding of the role of trade and commerce in general it is imperative that students are well aware of the subject matter right from the beginning.

A business enterprise must aim at stronger market standing in terms of offering competitive products to its customers and serving them to their satisfaction. Following only one objective cannot lead business towards excellence. The five multiple objectives of business are as follows.

1 8 1 multiple objectives of business.