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Business Studies · 2025 · 4 marks
CBSE 2025 · Region 7 · Set 1 · Q30
‘Silver Mills' started their business as a B2B supplier of high quality millet seeds. The firm was set up in a backward area of
Ransdhan. The firm was earning just enough revenues to cover its
cost. Over a period of time, due to rising awareness amongst
people about the health benefits of millets and with the year $\displaystyle 2023$
declared as 'International Year of Millets', the demand for millets
increased and the firm was able to earn profits. This gave a vital
incentive to the firm to continue its successful operations. It then
expanded its operations and introduced millet flour, millet-based
snacks and millet-based beverages. With increase in its operations,
it provided employment opportunities specially to women,
involving them in dehusking, cleaning and packing of millets.
State the objectives of management highlighted in the above case.
Marking-scheme solution
Objectives of management highlighted in the above case are:
(a)
Organisational objectives:
The main objective of any organization should be to utilize human
and material resources to the maximum possible advantage to fulfil
the economic objectives of a business.
These are: Survival, Profit and Growth.
(i)
In order to survive, an organisation must earn enough
revenues to cover costs.
(ii)
Profit provides vital incentive and is essential for covering
costs and risks of the business.
(iii)
A business needs to add to its prospects in the long run,
hence management must exploit fully the growth potential
of the organisation to remain in the industry.
(b)
. Social objectives involve consistently creating economic value for
various constituents of society by using environmental friendly
methods of production, providing employment opportunities, etc.
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CBSE Class 12 Business Studies past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.