Question : Which environment involves the study of the relationship between businesses and the community?
Option 1: Legal environment
Option 2: Political environment
Option 3: Social environment
Option 4: Technological environment
Correct Answer: Social environment
Solution : The correct answer is (C) Social environment
The social environment of business involves the study of the relationship between businesses and the community. This environment focuses on how businesses interact with and impact the broader societal and community factors, including issues like social responsibility, community engagement, and the effects of business activities on society as a whole.
Question : Which environment involves the study of the relationship between businesses and the government?
Option 4: Economic environment
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