Question : Under which environment does change in taste, fashion and trend fall in?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: None of the above
Answer (1)
10th Jan, 2024
Correct Answer: Social environment
Solution :
Social environment consists of the customs and tradition of society in which business is existing. Aspect of social environment includes tradition, customs and habits of people.
Hence, option 2 is the correct answer.
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