Question : Literacy rates, educational levels, customs, beliefs, values are part of the ___________ environment.
Option 1: Technological environment
Option 2: Economic environment
Option 3: Social environment
Option 4: Political environment
Correct Answer: Social environment
Solution : Social environment consists of the customs and traditions of the society in which business is existing. Literacy rates, educational levels, customs, beliefs, values are part of the social environment. Hence, option 3 is the correct answer.
Question : Which environment involves the study of changes in social attitudes, customs, and beliefs?
Question : Which environment involves the study of customs, beliefs, values, and practices of people in a society?
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