12th Class Business Studies Business Environment Question Bank MCQs - Business Environment

  • question_answer
    "Trends refer to changes and inclination towards new products and services". This statement describes significant effect of which environment on business?

    A) Economic environment

    B) Social environment

    C) Political environment

    D) None of the above

    Correct Answer: B

    Solution :

    New trends in society lead 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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