Correct Answer: Changes in social attitudes and customs

Solution : The correct answer is (C) Changes in social attitudes and customs

The social environment of business includes changes in social attitudes and customs. This environment also encompasses factors such as demographic trends, cultural shifts, and societal values, all of which can significantly impact how businesses operate and interact with their customers. While economic conditions, government regulations, and technological advancements play important roles in business, they are typically categorized under economic, political, and technological environments, respectively.