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Business Environment — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesBusiness Environment1 Mark
MCQ
"Trends refer to changes and inclination towards new products and services”. This statement describes significant effect of which environment on business?
  • A
    Economic environment.
  • ✓
    Social environment.
  • C
    Political environment.
  • D
    None of the above.
✓

Answer

Correct option: B.
Social environment.
New trends in society leads to inclination of people towards new products and services. For example, increasing trends of physical fitness in the society has increased demand for gyms, diet supplements, mineral water, etc.

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