The primary objective of a business organization is to

Assessment: JAMB UTME - Commerce - 1998 Subject: Commerce

Question 1 Report

The primary objective of a business organization is to
Answer Details
The primary objective of a business organization is to work towards making returns. This means that businesses exist to make a profit for their owners or shareholders. The main focus of a business is to generate revenue through the production and sale of goods or services. This objective is achieved through effective management of resources, minimizing costs, and maximizing revenue. While a business may have other goals such as social responsibility, community involvement, or environmental sustainability, the ultimate aim is to make a profit. Making returns allows a business to grow, invest in new products or services, create jobs, and contribute to the economy.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning