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State which of the following statements relating to social objectives of business are right and which are wrong?i. Social objective of business is based on the assumption that what is good for business is also good for society.ii. Production and supply of quality goods to the consumer is the social objective of business.iii. Creation of demand for the product is a social objective of business.iv. Establishment of sports complex for the public is the economic objective of business.v. Hoarding and black-marketing are considered desirable on the part of business.

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Answer:classify OBJECTIVES of BUSINESS into economic, social, HUMAN, national and ... i) Social objective of business is BASED on the assumption that what is good for ... ii) Production and supply of quality goods to the consumer is the social objective of business. iii) Creation of demand for the product is a social objective of business.

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