Which of the following objectives of a business is the most important?
A) To engage in some specific business activity which will perform a socially and economically useful function.
B) To develop an organization to carry on the business and implement its strategies.
C) To earn enough profit to survive.
D) All three of these objectives are equally important, because a failure in any one could lead to a total failure of the business.

Question

Quizplus · Accepted Answer

All three objectives are important and interdependent. Engaging in a socially and economically useful function helps the business to create value for its customers, which in turn generates revenue and profits. Developing an organization to implement its strategies is crucial for achieving long term success, as it ensures the business is well-managed and has the necessary resources, skills, and capabilities to compete effectively in the marketplace. Finally, earning enough profit to survive is essential for the business to sustain itself and continue to invest in its growth and development. A failure in any one of these objectives could jeopardize the viability of the business, making all three equally important.

Which of the Following Objectives of a Business Is the Most