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State with reason whether the following statement is true or false. 

Tangible goal of earning profit is the sole objective of business. 

Options 

  • True 
  • False

1 Answer

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by (27.7k points)
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Best answer

Tangible goal of earning profit is the sole objective of business. False 

Explanation: 

Business units have tangible as well as intangible goals. Tangible goals include earning profit, business growth and higher productivity. Intangible goals include activities directed towards the welfare of the society.

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