Question : Identify the component of business environment.
The demand for baby product has reduced as with increase in the birth rate and fall in the death rate the infants have now bigger share in composition of population.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Answer (1)
16th 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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