Business firms pursue several different types of goals.When a firm recognizes the critical importance of its employees, the business goal is a __________ goal.

Question

Quizplus · Accepted Answer

A goal focused on the welfare of the employees shows that the firm recognizes the importance of its workforce and aims to support and uplift them. This can include initiatives such as providing adequate salaries, benefits, work-life balance, opportunities for growth, and a positive work environment. Such a goal can lead to increased employee satisfaction, motivation, retention, and productivity, which can ultimately benefit the firm's bottom line.

Business Firms Pursue Several Different Types of Goals