Question : Case Study 14:
PQR Enterprises is a manufacturing company that has been facing challenges in recruiting and retaining skilled employees due to changes in educational trends and skill requirements.
Q:- What is the business environment factor affecting PQR Enterprises in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Social environment
Option 4: Legal environment
Correct Answer: Social environment
Solution : The correct answer is (C) Social environment
The business environment factor affecting PQR Enterprises in this case is the social environment. The challenges the company faces in recruiting and retaining skilled employees due to changes in educational trends and skill requirements are directly related to social factors, including changes in education and workforce preferences.
Q:- How can understanding the social environment help PQR Enterprises in dealing with changes in educational trends and skill requirements?
Option 1: By offering higher salaries and benefits
Option 2: By implementing flexible work hours
Option 3: By investing in employee training and development
Option 4: By outsourcing recruitment to external agencies
Question : Case Study 6:
GST Ltd. is a service-based company facing challenges in hiring skilled employees due to changes in educational and social trends.
Q:- What is the business environment factor affecting GST Ltd. in this case?
Q What does the term "educational trends" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The process of promoting import restrictions
Option 4: The changing patterns and approaches in education
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