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The objectives of establishing business ventures are as follows:
(i) To produce goods and services in order to meet up with the demand of members of the public.
(ii) To make profit.
(iii) To provide employment opportunity to members.
(iv) To concentrate sales effort in weeding out unprofitable outlets.
(v) To protect the interest and wellbeing of the employees.
(vi) To improve the interest relations between workers and labour unions.
(vii) To find the uses of unutilized by-products.
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