Q.Explain any three social objectives of a business enterprise.

Social objectives concern how a business treats the society and stakeholders around it — through fair pricing, fair trade conduct, and honest dealing.

Section 3 sets out several social objectives, of which any three may be explained:

1. Supplying quality goods and services at fair prices — not compromising on quality, and not charging exploitatively high prices simply because the business can.
2. Adoption of fair trade practices — avoiding adulteration, hoarding, black-marketing, misleading advertising, and incorrect weights/measures.
3. Generation of employment and contribution to general welfare — creating jobs directly and indirectly, and supporting community welfare initiatives.
4. Honest and fair dealing with all stakeholders — treating consumers, employees, shareholders, suppliers, government, and the community fairly, not just the most powerful among them. …