Question : The cultural environment of business includes factors related to:
Option 1: Technological advancements
Option 2: Government policies
Option 3: Social customs and beliefs
Option 4: Economic conditions
Correct Answer: Social customs and beliefs
Solution : The correct answer is (C) Social customs and beliefs
The cultural environment of business includes factors related to social customs, beliefs, values, and practices. This environment encompasses how culture influences consumer behavior, business practices, marketing strategies, and interactions with customers and stakeholders.
Question : The social environment of business includes factors related to:
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