Question : _______________ describes characteristics of the society in which the organisation exists.
Option 1: Business environment
Option 2: Economic environment
Option 3: Social environment
Option 4: Political environment
Correct Answer: Social environment
Solution : Social environment consists of the customs and traditions of the society in which business is existing. It includes the standard of living, taste, preference and education level of the people living in the society where business exists. Hence, option 3 is the correct answer.
Question : Most of the business firms are using social media like facebook, twitter, instagram etc. To promote their business' Which dimension of business environment is being highlighted?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Social environment
Question : Which environment involves the study of changes in technology and its impact on business operations?
Option 1: Technological environment
Question : Identify the dimensions of business environment which has impact on the interest rate, inflation rate, changes in disposable income of the people, etc.
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