Take Class 12 Tuition from the Best Tutors
Affordable fees 1-1 or Group class Flexible Timings Verified Tutors Search in
Asked by Tanya Last Modified
Answer 
A business is a part of the society. It cannot survive and grow without the support of the society. Business must, therefore, discharge social responsibilities in addition to earning deposits. According to Henry Fayol "The primary aim of business should be service and the subsidiary aim should be earning profits". Social objectives of the business are:
1. Supply quality goods at reasonable prices Business is expected to supply quality goods at reasonable prices. It is the social obligation of the business to avoid all malpractices like smuggling, black marketing, hoarding and misleading advertisements which are against business ethics.
2. Fair remuneration to workers: Workers are the major assets of the business. So, they must be given fair remuneration. A reasonable part of profits should be distributed as a bonus and it is the obligation of the business to provide safe and healthy working conditions.
3. Social Welfare: Business should support social, cultural and religious activities. They can build schools, colleges, libraries, hospitals etc. and help the victims of natural calamities. In this competitive world, survival of the business depends on the support of the consumers. So, instead of trying to make profits by adapting malpractices, give importance to the tastes and preferences of the consumers. More than that, all illegal activities will provide benefits only in the short run and not in the long run.
Related Questions
I am a storyteller. I am willing to train Business people in storytelling? How do you think should I go about it?
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Recommended Articles
Meet Radhe Shyam Burman, an MBA Tutor from...
Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...
Read full article >
Meet Raghunandan.G.H, a B. Tech Tutor from...
Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...
Read full article >
Meet Sandhya R, a B.Sc tutor from Bangalore
Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...
Read full article >
Meet Urmila, an MBBS tutor from Bangalore
Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition. Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...
Read full article >
Looking for Class 12 Tuition ?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near youThe best tutors for Class 12 Tuition Classes are on UrbanPro
The best Tutors for Class 12 Tuition Classes are on UrbanPro
7
