Commerce · Class 11 Commerce
Ch 2Objectives of Business — Class 11 Commerce, concept-first.
"Objectives of Business" is Chapter 2 of Unit I — Fundamentals of Business, in Tamil Nadu's own Class 11 Commerce textbook (11thCommerceEM.pdf, published by the Tamil Nadu Textbook and Educational Services Corporation for the Department of School Education, Government of Tamil Nadu).
Key concepts
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Economic Objectives of Business
Economic objectives concern a business's own commercial survival and growth: earning profit (the necessary reward for risk-bearing and a source of funds for growth, though never the ONLY legitimate purpose), creating and…
Most relevant Q&A
- Profit, as an economic objective of business, is best understood as: (A) The sole purpose for which a business exists (B) A reward for risk-…Free
- What is meant by "creation and maintenance of customers" as an economic objective of business?Free
- Explain the economic objectives of a business enterprise.Free
- The primary objective of a business is ______. (a) Not making profit (b) Special skill (c) Making profit (d) None of the abovePreview
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
"Objectives of Business" is Chapter 2 of Unit I — Fundamentals of Business, in Tamil Nadu's own Class 11 Commerce textbook (11thCommerceEM.pdf, published by the Tamil Nadu Textbook and Educational Ser…
Meaning and Nature of Business Objectives
Meaning: a business objective is the specific end result — the goal or target — that a business enterprise sets out to achieve through its various activities.
Economic Objectives of Business
Economic objectives are the objectives directly concerned with the business's own economic survival and growth as a commercial enterprise. The syllabus groups four economic objectives together:
Social Objectives of Business
A business does not operate in isolation — it draws its workers, its raw materials, and its customers from the society around it, and it has obligations back to that society in return.
Human (Organic) Objectives of Business
Human objectives concern the people who work FOR the business — its employees — and the well-being a business owes to them in return for their labour.
National, Global and the Balancing of Business Objectives
National objectives concern a business's obligations and contribution to the country it operates in, beyond its own immediate stakeholders:
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q1Profit, as an economic objective of business, is best understood as: (A) The sole purpose for which a business exists (B) A reward for risk-…Free
- Q2Which of the following is a social objective of business, as distinct from an economic objective? (A) Earning the maximum possible profit (B…Preview
- Q3Setting up new business units in less-developed or rural regions of the country, rather than only in already-industrialised cities, primaril…Preview
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- Q4Why does a business need clearly stated objectives? State any two reasons.Free
- Q5What is meant by "creation and maintenance of customers" as an economic objective of business?Free
- Q6State any two human (organic) objectives of business.Preview
- Q7Explain any three social objectives of a business enterprise.Preview