Question : Identify the component of business environment.
Shifting of workforce from 100% male to 50% male with 50% females has lead to improvement in productivity and women participation.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Answer (1)
25th Jan, 2024
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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