Question : Fill in the blanks- Educational system and literacy rate, concern with quality of life, attitude towards product innovation are the part of ______ environment.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Correct Answer: Social environment
Solution : Social environment represents the customs and traditions, values, culture, believes, norms and ethics of a society in which business enterprises of rates for the betterment of the society. Hence Option B is correct.
Question : Literacy rates, educational levels, customs, beliefs, values are part of the ___________ environment.
Option 1: Technological environment
Option 2: Economic environment
Option 3: Social environment
Question : Fill in the blanks- Introduction of GST and demonetisation is a part of _____ environment.
Question : Fill in the blanks- New equipments, research and development, are the part of ____ environment.
Question : Fill in the blanks- Rates of savings and investment, volume of trade is a part of _____ environment.
Question : Fill in the blanks- Extent and nature of government intervention in business is a part of ______ environment.
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