Elaborate on the objectives of a busines | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

Question:

Elaborate on the objectives of a business.

Answer:

The objectives are categorized as:

Economic Objectives:
- Earning profits to sustain operations.
- Growth and expansion through reinvestment.
- Innovation to create new products and services.
Social Objectives:
- Providing quality goods at fair prices.
- Generating employment opportunities.
- Ensuring ethical business practices.
Human Objectives:
- Employee welfare and skill development.
- Building a positive work culture.
National Objectives:
- Contribution to economic growth through taxes and employment.
- Promoting exports to improve foreign exchange reserves.

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Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

Read the question carefully and focus on the core concept being asked.
Reference examples and data from the chapter when answering questions about Business, Trade and Commerce.
Review previous year question papers to get an idea of how such questions may be framed in exams.
Practice answering questions within the time limit to improve your speed and accuracy.
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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 8: Elaborate on the objectives of a business.....

Elaborate on the objectives of a busines | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

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