Joint hindu family an affectionate business aims and objectives

Asked by admin @ 23/08/2021 in Business Studies viewed by 416 People

What are the Aims and objectives of joint Hindu family businesses?

Answered by admin @ 23/08/2021

Heyaa,,,
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¤ A joint family or an undivided family is an extended family arrangement that prevails throughout the Indian subcontinent particularly in India which consists of many generations living in the same household, all linked by the common relationship.

¤ Objectives of joint hindu family;
1. Maximization of benefits
2. Effective operation of the family business
3. Without sharing the family business with external parties and using the profits of the family business for the welfare of the family in particular
4. All members had the opportunity to carry out commercial activity
5. All decisions are made by the oldest male member, it is possible to make decisions quickly.
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Hope it helps☺☺☺

Joint hindu family an affectionate business aims and objectives

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