Question : Which environment involves the study of the impact of natural resources and ecological factors on businesses
Option 1: Technological environment
Option 2: Social environment
Option 3: Natural environment
Option 4: Economic environment
Correct Answer: Natural environment
Solution : The correct answer is (C) Natural environment
The natural environment refers to the physical surroundings, natural resources, and ecological factors that impact businesses and organizations. It involves studying the relationship between businesses and the natural world, including factors such as climate, landforms, water resources, biodiversity, energy sources, and sustainability. Understanding the natural environment is important for businesses to consider the environmental impact of their operations, adopt sustainable practices, comply with environmental regulations, and manage natural resources responsibly. Businesses need to be aware of the potential risks and opportunities associated with the natural environment and integrate environmental considerations into their strategies and decision-making processes.
