While recruiting its staff, business should give preference to physically and mentally challenged persons. Thus, business activities require various resources like men, materials, money and machines. But unfortunately from the waist down he had nomotor abilit y. It organizes men, Machine, materials, money and methods. This is the social objective of the business to control pollution and wastages. It involves in fulfillment of social objective. It helps in the transfer of goods/services from producers to customers. Thus, it is important that business should arrange training and development programmes for its employees. this is your one stop solution. Objectives of business: Although earning of profit is considered to be the primary objective, objectives are needed in every area where performance results affect the survival and prosperity of business. You can also find Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev ppt and other Class 11 slides as well. This is (ii) Social and Psychological Satisfaction of Employees: It is the duty of business units to provide social and psychological satisfaction to their employees. Today because of globalisation the entire world has become a big market. Human objectives are performed by different human activities. They should be given reasonable returns of their investments. Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev notes for Class 11 is made by best teachers who have written some of the best books of This can be done in many ways. It has gotten 49 views and also has 4.9 rating. It provides right product at right time in right place. All the activities related to money are defined in this function. You can download Free Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev pdf from EduRev by It fulfills social expectation. A business house can’t continue its operation without utilizing the resources available in the society. Creditors means supplier who supply goods and services. It is the objective to make duly payment. (i) Economic Well-being of the Employees: In business employees must be provided with tan remuneration and incentive for performance benefits of provident fund, pension and other amenities like medical facilities, housing facilities etc. The business unit must not create artificial scarcity of essential goods or raise prices for the sake of earning more profits. Bank is a financial company. (v) Self-sufficiency and Export Promotion: To help the country to become self-reliant, business units have the added responsibility of restricting import of goods. (01)1. Besides, misleading advertisements often give a false impression about the quality of products. Download revision notes for Nature and Purpose of Business class 11 Notes Business Studies and score high in exams. out Class 11 lecture & lessons summary in the same course for Class 11 Syllabus. I started pounding on him. Production of goods and services are to be done according to the customer demand and desired. When production is made according to the requirements of the customers then there is creation of new customer which creates new market. Business can provide service only if demand of customers are fulfilled. Changes are the basic factor for flexibility and changes in terms of working methods is the main objective of business. Changes are the basic factor for flexibility and changes in terms of working methods is the main objective of business. Business units can also help and encourage meritorious students by awarding scholarships for higher studies. Making full use of machines and minimizing wastage of raw materials, can achieve this objective. There are many people in the society. I beli your solution of Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev search giving you solved answers for the same. This will increase the revenue of the government, which can be used for the development of the nation. So it is important for every business to supply those goods and services on a regular basis. It works under the taste, desire and preference of the customers. 2. Ultimatelyhe was released from the hospital. But there must be proper utilization of resources and no any destruction in name of utilization. Profits must be earned to ensure the survival of business, its growth and expansion over time. You can see some Business Objectives: 5 Most Important Objectives of Business Class 11 Notes | EduRev sample questions with examples at the bottom of this page. Logically, objectives ought to specify ends or results sought that are derived from and congruent with the mission the organization has set itself Attempts to set objectives should always be guided by references to the mission they are meant to fulfill. It is generally believed that a business has a single objective. This is known social objectives. Log in. Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time.