COVID-19 pandemic had a great impact on the life of people and led to an increase in the use of Ayurvedic medicines and exercising equipment. Identify the dimension of business environment discussed in the above case.
This question was previously asked in
Shift 31/05/2023 3:30 PM - 6:30 PM
A
Technological environment
B
Social environment
C
Political environment
D
Economic environment
Correct Answer
Social environment
Detailed Explanation
Social Environment: The social environment of business include the social forces like customs and traditions, values, social trends, society’s expectations from business, etc. Traditions define social practices that have lasted for decades or even centuries. For example, the celebration of Diwali, Eid, Christmas, and Guru Parv in India provides significant financial opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and many other related business.
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