Business Studies - Objectives of Businesses

Money making can also be called as (a)   earning.

Some businesses also try to help people in society

• True

• False

Which of these is NOT a business objective?

• Creating more shops to get more customers

• Helping to set up a low cost hospital in the city

• Cheating customers

Businesses want to waste resources (like land, labour and capital)

• True

• False

Economic objectives are objectives related to

• Money

• Science

• Food

Businesses develo new and advanced products to sell (like new technology) - this is an example of which economic objective?

• Continuous innovation

• Customer creation

• Using economic resources effectively

Businesses pay ____ to the government

• Tax

• Profit

Which of these is NOT a business objective?

• Paying taxes

• Firing employees who are unhappy with their job

• Selling goods at fair prices

• Earning profit

Businesses should pay fair salaries

• True

• False

It is a responsibility of businesses to help disadvantaged people

• False

• True