Question

Which of the following is an element of ‘Social Environment’?

• A. Rates of saving and investment
• B. Expectations from the workforce
• C. The nature of relationship of our country with foreign countries
• D. Planned outlay in public and private sectors

Answer 1

The Correct Option is B

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.