Question : Identify the dimensions of business environment which has traditions, values, trends as important aspect.
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.
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