Question

Match the Dimensions of Business Environment (List I) with their respective descriptions (List II): 

• A. A-IV, B-II, C-III, D-I
• B. A-I, B-IV, C-II, D-III
• C. A-III, B-I, C-II, D-IV
• D. A-II, B-III, C-I, D-IV

Hint:

Economic = Financial factors; Political = Government influence; Social = Cultural values; Legal = Laws and regulations.

Answer 1

The Correct Option is A

* A - IV: Economic environment includes factors like interest rates, inflation, and GDP, which directly impact business operations.
* B - II: Political environment covers government stability, policies, and attitudes that influence business conditions.
* C - III: Social environment relates to societal values, traditions, and lifestyles shaping consumer behavior and market trends.
* D - I: Legal environment consists of laws, court decisions, and regulations that provide the framework for business activities.