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A company shows higher profit but misleads customers through fake discounts. Which objective is violated?

Answer and explanation

Correct answer: Social objective

The correct answer is the social objective. A social objective of management includes protecting consumer interests, providing truthful information at fair prices, and avoiding deceptive business practices. By advertising fake discounts, the company misleads customers and violates this objective. Earning higher profit relates to an economic objective, but profit cannot justify deceiving consumers. Exam tip: Link consumer welfare, honest advertising, and correct product information with social objectives.

Related tags

Objectives Of ManagementSocial ObjectiveConsumer ProtectionEthical BusinessFake DiscountsNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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