Question : Following statements are the part of which business environment. Statement 1- Alcohol beverages are prohibited to be advertised on television. Statement 2- Advertisement of baby food product must carry and information that mothers milk is the best.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Legal environment
Correct Answer: Legal environment
Solution : Legal environment includes various legislation passed by the administrative order issued by the government. The above statement regarding alcohol beverages are prohibited to be advertised on television and advertisement of baby food product must carry and information that mothers milk is the best is the legal requirement that an organisation has yo be followed. Hence Option D is correct.
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 4: Political environment
Question : Identify the component of business environment. The demand for baby product has reduced as with increase in the birth rate and fall in the death rate the infants have now bigger share in composition of population.
Question : Fill in the blanks- New equipments, research and development, are the part of ____ environment.
Question : Which environment deals with the study of laws and regulations affecting business operations?
Option 1: Legal environment
Option 2: Economic environment
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