What Are The Social Objectives Of Business?

3 Answers

Liam Sheasby Profile
Liam Sheasby answered
Social objectives of business would be things such as maintaining low noise levels and sensible operating hours in residential areas and using proper security so as not to attract criminals to the area.

It could also be the social objective of a shop or a chain of stores to interact with the community in a way that fosters good relations.
  • What is a social objective?
Social Objectives are aspirations of positive intention towards the local area, aiming to promote prosperity and develop a strong relationship with the locals in order to co-exist harmoniously.

  • Are Social Objectives like Social Business or Social Enterprise?
Not quite. A Social Business is one that seeks to address a specific social problem. It operates at a modest profit and expands slowly, allowing it a greater scope of operation and efficiency.

Social Enterprise is a more general term for Social Objectives, where businesses specifically operate with a social or environmental mission. It is different to a Social Business because it isn't singularly focused.

  • What if a business fails to meet its social objectives?
It isn't beneficial for a business to upset the area it's situated in because the local population are a formidable organization should they legally petition for change. A business has a duty to be considerate during unsocial hours. Excessive noise or late night deliveries constitute this sort of unacceptable operating practice.

Businesses can be moved from a more residential location to a location that they can be noisier in. A lot of businesses do this already, but some also require customers to come in off the street, so have to situate themselves near the population.
abdul rehman Profile
abdul rehman answered
The objective of every business is to supply quality goods in the market. These days' people like to buy branded goods of superior quality. The buying decisions become easy for customers in case of branded goods. The best machines improved methods and techniques can be used for producing quality goods.

The social objective of a business is the sale of goods and services at reasonable prices. The customers should not feel that the prices are high. A reasonable price level is a tool to win the favor of customers.

In the modern society businessmen are regarded as resourceful and they are honored by the society. In other words. Businessmen because of their wealth and higher standard of living are recognized as influential persons.

Personal satisfaction is also a strong motivating force in entering a business. Many people like to be independent and so they do not join service where they will have to work under bosses.
Some people do business for public service. The first objective of any business should be service. Social objectives of business include providing fair wages to employees, adopting different safety measures for workers, giving training to workers. Providing better health facilities, etc.

The objective of business is also to provide investment opportunities to the public. People invest their surplus capital in the business enterprises in order to get profit. The different companies provide the chances to the public to invest in shares and debentures issued by them.

The business units also provide employment opportunities to the public. When a business is established, it provides employment to the investor himself and also offers employment to large number of workers.

The business units help in improving the living standard of the people. The business provides jobs to the people to raise their income. When the people do job they earn more money and spend more.
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owembabazi patriciah
thank you rehma verymuch
Ramona  Vandusen
Ramona Vandusen commented
Hi
Profit means extra cash after paying all expenses . Profit is the most primary objective of selling. No selling can survive without profit . A selling can be expanded only when it is earning profit . Success and strength of the business is calculated in terms of profit. More profit = successful Business. Without profit business will come to an end . Not only , profit helps in the growth of the business but also helps in building goods reputation of the businessman in the market. With goods reputation , businessman can get loans easily . So Profit is the most primary and sole objective of selling.
chen lyfen Profile
chen lyfen answered
Hi the social objectives of business are , make the produces known by advertisement , trying to know people's taste, developing the new produces and new systems of business, as in order to make it steady, and adopt to people, they should create new project . there are many kind of them so it's important to have projects.

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