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 : Fill in the blanks- Educational system and literacy rate, concern with quality of life, attitude towards product innovation are the part of ______ environment.
Question : Which environment involves the study of customs, beliefs, values, and practices of people in a society?
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