You must know the objectives of Business

Posted on 11:49 AM | By M$N | In


As a social organization, every business has its own goal. Every businessman should know the objective of business. If he come to know about the objectives of business, that will be easy for him to set the goal of his business. The most important objectives of Business are
given below

Profit earning:
The main objective of business is to earn profit. A businessman implement his hard work, brain, wealth in a business only for earn extra money that is profit. But if any businessman wants excessive profit then he will be destroyed in a very short time.

Capital Investment:
Another objective of business is to earn or increase wealth by investing capital. Business utilizes the savings of people and makes more and more money. This can make a country’s economy stronger.

Creating Employment Opportunities:
Business creates employment opportunities for both the owner and the employer of a business. This increases the earning of general people which is much needed for any country.

Social Service:
One of the main objectives of modern business is social service. This can be done by buying and selling products, production, meet the needs of people. This is the social side of business.

New Invention:

Business always invents new products. Businesses always research to invent new things which create more and more needs.

Participation on welfare activities:
Business organization must participate in welfare activities. This creates a reputation in the society. Making a library, religious institution, sponsoring different games are the best form of social welfare.

Economic Development of the country:

The bigger objective of modern business is to make a development in the country’s economy. Business gives TAX to the government that is used to the development of the country.