OBJECTIVES OF BUSINESS RECENTLY DEVELOPMENTS The following are social economic and human objectives of business; ECONOMIC OBJECTIVES -To earn profit through production and selling of goods and services -To have fair dealings with business financiers including trade creditors, debenture holders, commercial banks and other financial institutions by paying them accordingly. -To expand the market size … Read more
COMMERCIAL ACTIVITIES UNDERTAKEN BY INDUSTRIALISTS How industrialists engage in commerce? All those, then who produce raw materials or who make goods are employed in industry, whereas those who buy, or sell or distribute them, or who facilitate their purchase, sale or distribution, are employed in commerce. In buying raw materials from a producer, in storing … Read more
BARTER SYSTEM IN MODERN TIMES EXPLAINED IN DETAILS Although barter system is not common nowadays, to some extent is applied mostly in international transactions whereby countries opt to exchange goods for goods in some situations. Also such system is still prevailing in very backward societies especially those found in third world countries where people are … Read more