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Nature And Purpose Of Business

Question

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Which is not the economic objective of a business?
Earning profit
Optimum utilisation of resources
Regular innovation
Promoting social justice

Solution

D.

Promoting social justice

Some More Questions From Nature and Purpose of Business Chapter

Write any three features of profession.

Explain the concept of business.

Define the term 'industry'.

Define 'Commerce'.

Define trade.

Define internal trade.

Define External Trade.

Define risk.

Name the functions of business.

How is business an economic activity?

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