The principal advantage of having a clear cut objective of business is that it does not derail; the enterprise does not stray ...(1)... the direct route that it has set for ...(2)... Enterprises with well-defined objectives can conveniently undertake ...(3)... and follow long range development policies. Recognition of objectives ...(4)... the temptation to compromise long range ...(5)... for short term gains and improves coordination in work and consistency in policy.What will come in option five?a)objectivesb)losesc)interestsd)profitsCorrect answer is option 'A'. Can you explain this answer?

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Advantages of Having a Clear Cut Objective of Business

Clear Direction

Having a well-defined objective gives a clear direction to the business.

The enterprise knows where it wants to go and what it wants to achieve.

This clarity of purpose helps in avoiding any deviation from the set path.

Convenience in Undertaking Tasks

Enterprises with clear objectives can conveniently undertake tasks and follow long-range development policies.

They can plan resources, time and efforts required to achieve their objectives.

This helps in efficient utilization of resources and achieving better results.

Avoid Short-Term Gains

Recognition of objectives reduces the temptation to compromise long-range objectives for short-term gains.

Enterprises with clear objectives focus on achieving long-term goals and benefits.

This helps in sustaining the business in the long run and building a strong foundation for growth.

Improved Coordination and Consistency

Having a clear objective improves coordination in work and consistency in policy.

All employees are aligned towards achieving the same goal.

This leads to a more efficient and effective work environment.

Option (A) Objectives is the correct answer for the blank in the given question.

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