JAMB Commerce 1997 Question 8

Question 8

Business Management

Use the conversation below to answer this question.
MUSA: Taiwo, why are you in business?
TAIWO: To optimize profit, provide quality products and discharge my social responsibilities. What of you?
MUSA: I am in business to minimize cost, provide products at low prices and as you said, discharge my social responsibilities. What of you, Okon and Kalu?
OKON: I am in business to cater for the need of the consumers at all costs.
KALU: I am in business to make profit, provide quality products at reasonable prices and establish a good reputation for myself.
The businessman with the best business objectives is

  1. A.Okon
  2. B.Taiwo
  3. C.Kalu
  4. D.Musa.
Show the answer and explanation

Answer: C (Kalu)

Explanation

Kalu balances profit, good quality, fair prices and reputation, which are sound and sustainable business goals.