Correct Answer: Cultural customs and beliefs

Solution : Answer: C) Cultural customs and beliefs

The social environment of business includes factors related to cultural customs, beliefs, values, and social attitudes. This environment encompasses the influence of society on businesses and the impact of social norms, values, and customs on business operations, marketing, and decision-making. While government policies and stability, technological advancements, and economic conditions are important, they typically fall under the political, technological, and economic environments, respectively.