Title: Importance of Business | Grade 11 Management Notes | TyroCity
Headings: Importance of Business
Importance of Business
Importance of business:
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Content: Business must be directed towards proper and efficient utilization of resources. Business utilizes the resources like water, minerals, ores and so to achieve its own goals. But resources must be utilized without exploitation. 3. Creation of utility: Business creates place and time utility. It helps to satisfy the needs of human beings. Financial utility is to be maximized. 4. Employment: