BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Educational system and literacy rates
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family structure
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caste and occupational structure
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all of the above
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Detailed explanation-1: -How we behave, our relationships, our gender and ethnic group, our education and work, the conditions and communities in which we live, and how we feel about ourselves are all elements of the social environment.
Detailed explanation-2: -More Definitions of Social Environment Social Environment means the cultural, political, economic and social systems at Lihir.
Detailed explanation-3: -Social environment refers to the social forces such as customs, traditions, social values, social trend etc. that affect the business opportunities and performance. Among the options given in the question, composition of family represents an example of social environment.
Detailed explanation-4: -What are the components of social environment? The social environment is made up of components specific to the immediate population within which the business operates. These components include occupation, organizational structure, age, income, consumption patterns, internal customs, gender, and ethnicity.