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Q. Write a note on classification of business objectives?
1) Economic Objectives - Functions of customer Segment - Innovations - Optimum use of resources 2) Social Objectives - Production and Supply of Quality goods and services - Acceptance of Fair trade practices - Contribution of the general welfare of the society 3) Human Objectives - Economic well-being of the employee - Social and psychological satisfaction of employees - Development of Human resource 4) National Objectives - Creation of employment - Production of social justice - Production according national priority - Contribution in the revenue of the country - Self-sufficiency and export promotion 5) International Objectives - Raise general standard of living - Reduce disparities among nations - Make available competitive Goods and services globally.
Question 1: (a) Explain the purpose and relevance of a business plan within the hospitality sector. (b) Discuss the importance and role of market research within business pl
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briefly discuss the three shorth term financing problem and provide relevent examples of each?
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