Question:
Which of the following is an element of ‘Social Environment’?
Which of the following is an element of ‘Social Environment’?
Updated On: Feb 19, 2025
- Rates of saving and investment
- Expectations from the workforce
- The nature of relationship of our country with foreign countries
- Planned outlay in public and private sectors
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The Correct Option is B
Solution and Explanation
Step 1: Understanding Social Environment:
The social environment refers to the cultural and societal aspects that influence businesses, such as social values, work ethics, lifestyle changes, and expectations from the workforce. Step 2: Analyzing the options:
- Option (A) relates to economic factors rather than social factors.
- Option (B) aligns with social expectations, reflecting the workforce's changing attitudes and aspirations.
- Option (C) pertains to political or economic environment.
- Option (D) refers to economic planning and development, not social environment. Thus, the correct answer is option B.
The social environment refers to the cultural and societal aspects that influence businesses, such as social values, work ethics, lifestyle changes, and expectations from the workforce. Step 2: Analyzing the options:
- Option (A) relates to economic factors rather than social factors.
- Option (B) aligns with social expectations, reflecting the workforce's changing attitudes and aspirations.
- Option (C) pertains to political or economic environment.
- Option (D) refers to economic planning and development, not social environment. Thus, the correct answer is option B.
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