UrbanPro

Take Class 11 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Ram has set up on enterprises in private sector, his objective is to earn the maximum profit. He says that the will achieve his objective at any rate, even if he has to do any immoral activity. Point out the social values likely to be affected by his approach.

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Accounts And Commerce Lecturer

A business is a part of the society. It cannot survive and grow without the support of the society. Business must, therefore, discharge social responsibilities in addition to earning deposits. According to Henry Fayol "The primary aim of business should be service and the subsidiary aim should be earning...
read more
A business is a part of the society. It cannot survive and grow without the support of the society. Business must, therefore, discharge social responsibilities in addition to earning deposits. According to Henry Fayol "The primary aim of business should be service and the subsidiary aim should be earning profits". Social objectives of the business are: 1. Supply quality goods at reasonable prices Business is expected to supply quality goods at reasonable prices. It is the social obligation of the business to avoid all malpractices like smuggling, black marketing, hoarding and misleading advertisements which are against business ethics. 2. Fair remuneration to workers: Workers are the major assets of the business. So, they must be given fair remuneration. A reasonable part of profits should be distributed as a bonus and it is the obligation of the business to provide safe and healthy working conditions. 3. Social Welfare: Business should support social, cultural and religious activities. They can build schools, colleges, libraries, hospitals etc. and help the victims of natural calamities. In this competitive world, survival of the business depends on the support of the consumers. So, instead of trying to make profits by adapting malpractices, give importance to the tastes and preferences of the consumers. More than that, all illegal activities will provide benefits only in the short run and not in the long run. read less
Comments

Chartered Accountant

Hi Tanya, The social values that could be affected by Ram's action are: 1) Loss to society with regard to his services/offerings 2) Polluting social environment 3) Loss of confidence and trust of the consumers 4) Unethical market competition 5) Violation of law, resulting in lack of trust in govt. 6)...
read more
Hi Tanya, The social values that could be affected by Ram's action are: 1) Loss to society with regard to his services/offerings 2) Polluting social environment 3) Loss of confidence and trust of the consumers 4) Unethical market competition 5) Violation of law, resulting in lack of trust in govt. 6) Loss to environment read less
Comments

Related Questions

Hello everyone, I can teach economics and business studies of 11th and 12th class

U r welcome in the world of providing teaching services to students through this fabulous app. I'm also a Tutor of Commerce having qualifications M.Com, B.Ed, UGC-NET & HTET Qualified with additional...
Sakshi Rao
0 0
5
Distinguish between public sector and private sector.
Key difference is public sector is to serve the citizens of their country, aided by govt., job security, promotions on basis of seniority private sector is to earn profits for self, aided and administered...
Apollo
Banks are providing a wide range of services nowadays. Do you agree?
Yes, banks provide a vide range of services like accepting deposits, lending of advances, honouring financial instrumrnts like cheques, demand drafts, bills etc. Nowadays banks are also providing services...
Rishav
What advantages a life insurance policy can give?
Life Insurance is a policy which will safeguard financial interest of your immediate family members (nominee) in case of any untoward incident (like death of yours). Secondly, it is also used as reducing your tax liability.
Archit
0 0
8

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Recommended Articles

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 11 Tuition Classes?

The best tutors for Class 11 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 11 Tuition with the Best Tutors

The best Tutors for Class 11 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more