BUSINESS STUDIES
 CLASS 11TH 
CHAPTER - 1 NATURE AND PURPOSE OF BUSINESS
(PART-3)

Subtitles used in the video-

so hello,

guys.

In this video we will talk about objectives of business.

In the previous video we have talked about,

the features and meaning of a business.

Now let us move ahead.

We will talk Okay.

After this,

the objectives of a business a basic,

a little economical.

and that social.

There are two major objectives off business that is economic and social.

One first of all letters.

Discuss what our economic objectives off.

Economic of the people.

Awful business.

No number one step from every business book honor kind of 

re venue eri income So that income but it's basically or that income on the venue is 

basically the crop First department conflictive of businesses 

Next expiry ation off New customers like in orderto create profit or in order 

to create more profit than every business will get No type questions 

your type potential customers consumers so that they can sell more there and as 

a result they should learn more.

Another objective crystal clear more customers so that they can 

create more self selling and also more 

artistic innovation.

Innovation In what sense?

Like toe innovator ah Falcon water product in towns off new 

technology that is coming in there.

Mark,

if you modify your product or innovative product as according to the needs of the customer,

that's according to the needs of logic than that is a whole objective All off business.

Next one is the optimum utilization off resources.

Optimum utilization off.

In what sense?

Whatever resources you have this shit utilizing at the optimum 

level that there should be no wastage.

There should be no access off resources.

If you have 100 units,

then you should utilize those 100 units at foot 

off him.

Um,

that we should not waste any kind off.

So I said you should not have any resources you should utilize.

You know the marina optimum at now.

Let us move to social objective.

Social objectives are number one is the quality boat that is the social 

social responsibility off.

Basically,

to provide the quality code is a good data.

Said that all the businesses selling should be offered certain quality short,

certain high quality so that I should need to they need customers.

Next week we're trip that when you season indulge in kind of unfair 

trade.

Think that it's not a social responsibility social moral 

of from the point of your society.

You have country or government has businesses.

Is independence so forth?

Let's say drugs or smuggling or sector,

and expect that this kind of illegal activities and thes one considered ourselves look 

so every witness should after for fear to re practices and shoot intelligence,

the step off activities only.

How does the employment?

Absolutely the business should create a new generation of employment and man so that the 

unemployed of the persons who want toe get a job or 

employment and they should apply job.

That's where our business is also down there.

Generation I've employment,

and that is also one of best time action you 

get a business should indulge or occur or carry on their business,

taking a certain kind fiction on them that issue the environment.

That's what along with business,

that should also maintain the environment,

be there or not,

business