BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Inflation
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Legislation
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Innovation
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Composition of Family
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Detailed explanation-1: -Composition of family is an example of social environment. Social environment consists of the customs and traditions of the society in which business is existing. It includes the standard of living, taste, preference and education level of people living in the society where business exists.
Detailed explanation-2: -The family social environment is the first environment that a child experiences and has implications for children’s health. However, the majority of family social environment measures do not account for its complexity.
Detailed explanation-3: -The first social environment children experience is the family. The social environment is described as the setting in which “defined groups of people function and interact” (Barnett & Casper, 2001, p. 465).
Detailed explanation-4: -Technology is not an example of social environment. The social environment refers to the environment which is surrounded by a social setting in which the people act upon. Thus technological factor does not come under the social environment.