Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eating is the objective of living” . A business which is hunting after profits and ignores other objectives
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its main aims a business adopts a plan that contains objectives. There are two types of objectives‚ strategic and tactical objectives. Strategic objectives are objectives set for the long run; tactical objectives are short day-to-day objectives that the business needs to operate. Setting objectives provides a greater sense of direction for the business. So once an objective is set‚ the employees‚ owner and directors even‚ have a clear pathway and guide of what they want the business to achieve and
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Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business are
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Relevance and implication of business objectives models in terms of Nepalese enterprise. Ans: In much of economic theory‚ it is assumed that a business aims to maximise profits.In reality‚ most businesses which are run for “commercial gain” do have profit maximisation as an important objective – since the shareholders have taken a risk investing in the business and require a return (profit) to compensate them for their risk. Profit maximization is the process by which a firm determines the price
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Business objectives are the ends that an organisation sets out to achieve. A business creates plans to enable it to achieve these ends. The objectives‚ and plans that an organisation creates are determined by balancing the requirements of the various stakeholders in the organisation. The stakeholders are those individuals and groups that are affected by and have an interest in how the business is run and what it achieves. Every business has a range of stakeholders‚ including: The objectives that
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The Chevrolet HHR is a compact wagon‚ a model inspired by a late-1940s-era Chevrolet Suburban design. This front-wheel drive model seats five‚ was introduced in 2006 and produced through 2011‚ then canceled. Chevrolet HHR: 2007 to 2011 The Chevrolet HHR or Heritage High Roof was a retro-styled model with modern engineering. It is based on the same architecture underpinning the Chevrolet Cobalt‚ Pontiac G5‚ and Saturn Ion compact sedans. This squared off four-door model is marked by a broad grille
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Six Game Changers About SaaS Plex Online White Paper At a Glance • This paper summarizes six game-changing aspects delivered by Plex Online SaaS ERP. • Areas range from the benefits of true ERP integration‚ to ease of use and the importance of up-to-date functionality. • In each case‚ the benefit is an improved and optimized manufacturing process to help the enterprise thrive in a challenging market. www.plex.com | 1.888.454.PLEX Plex Online White Paper | page Six Game Changers About
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Third generation-C3 (1968–1982) Main article: Chevrolet Corvette (C3) [pic] [pic] 1971 Corvette Stingray Convertible The third generation Corvette‚ patterned after the Mako Shark II concept car‚ was introduced for the 1968 model year and was in production until 1982. C3 coupes featured the first use ofT-top removable roof panels. It introduced monikers that were later revived‚ such as LT-1‚ ZR-1‚ and Collector Edition. In 1978‚ the Corvette’s 25th anniversary was celebrated with a two-tone
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effective working relationships. In Chevrolet each employee is entitled to a thoughtful and careful appraisal. The success of the process depends on the supervisor ’s willingness to complete a constructive and objective appraisal and on the employee ’s willingness to respond to constructive suggestions and to work with the supervisor to reach future goals. In Chevrolet it is important for them to give the satisfaction of their customers as part of their business. As the company needed employees who
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