Question : The natural environment of business includes factors related to:
Option 1: Economic conditions
Option 2: Government regulations
Option 3: Technological advancements
Option 4: Natural resources and ecological factors
Correct Answer: Natural resources and ecological factors
Solution : The correct answer is (D) Natural resources and ecological factors
The natural environment of business includes factors related to natural resources and ecological considerations. This encompasses aspects such as environmental sustainability, climate change, availability of natural resources, and the ecological impact of business operations. It's becoming increasingly important for businesses to consider and manage their impact on the natural environment due to growing environmental concerns and regulations.
Option 1: Technological advancements
Option 2: Government policies and stability
Option 3: Natural resources and ecological factors
Option 4: Economic conditions
Question : The legal environment of business includes factors related to:
Option 1: Social attitudes and customs
Option 2: Government regulations and laws
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