Question : Which of the following statement is correct?
Option 1: Research and development activities comes under technological environment
Option 2: Nature of relationship of our country with foreign countries is part of political environment
Option 3: Both option 1 & 2
Option 4: Tradition like celebration of festivals is a part of economic environment
Correct Answer: Both option 1 & 2
Solution :
1.The technological environment encompasses forces associated with scientific advancement and innovation, which provide new methods of producing goods and services. The technological environment includes research and development activities.
2. The political environment includes all factors related to government affairs, such as the type of government in power, the government's attitude toward various groups of society, policy changes implemented by different governments, and so on. The nature of our country's relationships with other countries is part of the political environment.
Hence, option 3 is the correct answer.
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