Question : The natural environment of business includes factors related to:
Option 1: Technological advancements
Option 2: Government policies and stability
Option 3: Natural resources and ecological factors
Option 4: Economic conditions
Correct Answer: Natural resources and ecological factors
Solution : The correct answer is (C) Natural resources and ecological factors
The natural environment of business encompasses factors related to natural resources and ecological considerations, such as environmental sustainability, climate change, resource availability, and other ecological factors. This includes concerns about the impact of business activities on the environment and the use of natural resources.
Option 1: Economic conditions
Option 2: Government regulations
Option 3: Technological advancements
Option 4: Natural resources and ecological factors
Question : The social environment of business includes factors related to:
Option 1: Government policies and stability
Option 2: Technological advancements
Option 3: Cultural customs and beliefs
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