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Profit is stable, but a company is opening new markets and increasing its size. Which objective is emphasised?

Answer and explanation

Correct answer: Growth

The governing concept is the growth objective of business, which is reflected in expansion of operations, entry into new markets, increase in sales or assets and enlargement of organisational size. The question deliberately says that profit is stable and then highlights opening new markets and increasing size. These facts directly indicate growth, so option A is correct. Survival means continuing to operate under difficult conditions, but no threat to existence is described. Employee satisfaction may be important, yet it is not the stated indicator. Social service is also not established by market expansion alone. Therefore, the evidence supports growth rather than the other objectives.

Related tags

GrowthOrganisational-ObjectivesMarket-ExpansionBusiness-GoalsObjectives Of ManagementNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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