A valid definition of a business purpose is to ______.

A. Create a customer

B. Maximize profits

C. Serve the society

D. Increase the wealth of the firm

Answer: Option A

Solution(By Examveda Team)

A valid definition of a business purpose is to Create a customer. The customer is a foundation of a business and keeps it in existence. The customer alone gives employment. And it is to supply the customer that society entrusts wealth-producing resources to the business enterprise.