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Question
Select the proper option from the option given below and rewrite the completed sentence.
Ultimate goal of business must be satisfaction of ________.
Options
Shareholders
Consumers
Owners
Solution
Ultimate goal of business must be satisfaction of consumers.
Explanation:
Customer satisfaction should be the ultimate goal of business organisations. Businesses should not indulge in customer exploitation, as a good customer experience enables them to generate repetitive orders. A business unit exists because of customers only. Bad customer experiences can affect the demand of goods and services adversely.
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| Group “A” | Group “B” | ||
| a. | Responsibility to owners |
1 | Good working condition |
| b. | Consumers | 2 | Branch of philosophy |
| c. | Responsibility to investors |
3 | To serve society |
| d. | Economics objective | 4 | To help small scale industry |
| e. | Business ethics | 5 | Earning foreign exchange |
| 6 | Creating goodwill | ||
| 7 | Branch of social science | ||
| 8 | To earn profit | ||
| 9 | To maintain transparency |
||
| 10 | Good quality product |
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Business organization can use natural resources as they want.
State with reason whether the following statement is true or false.
Role of media exerts major influence on business organization.
State with reason whether the following statement is true or false.
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State with reason whether the following statement is true or false.
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