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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
 


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 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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