Question

Out of the following, which is/are the component(s) of the social environment?

1. Rate of inflation has increased by 2%, leading to a higher total cost for business enterprises.
2. Various specialty health food and grocery shops have opened in an area where fitness and health enthusiasts live.
3. Life expectancy rate in India has improved over the past 20 years due to adequate health facilities and infrastructure.
4. A company in its human resource manual discloses a zero-tolerance policy for racial discrimination and discriminatory practices against employees with disability.
5. The Advertising Standards Council of India prohibits advertisements that promote products or services that are banned by law.

Choose the correct option:

विकल्प

• only 2

• 1, 2, 3

• 2, 4, 5

• 2, 3, 4

Answer 1

2, 3, 4

Explanation:

The social environment includes the customs, values, beliefs, lifestyles, and social attitudes that influence business activities.

• Statement 2 relates to lifestyle changes and health consciousness.
• Statement 3 shows improvement in life expectancy and health infrastructure, reflecting social development.
• Statement 4 shows concern for equality and ethical treatment of employees, part of social values.