Match List-I with List-II
List-I List-II (A) Political Environment (I) Agricultural and industrial production trends (B) Economic Environment (II) Educational system and literacy rates (C) Legal Environment (III) Government regulations to protect consumer's interests (D) Social Environment (IV) The extent and nature of government intervention in business
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Political Environment | (I) Agricultural and industrial production trends |
| (B) Economic Environment | (II) Educational system and literacy rates |
| (C) Legal Environment | (III) Government regulations to protect consumer's interests |
| (D) Social Environment | (IV) The extent and nature of government intervention in business |
Choose the correct answer from the options given below:
Solution
Option 1 -> (A)-(IV), (B)-(II), (C)-(III), (D)-(I): Incorrectly matches Economic Environment with Educational system instead of production trends, and Social Environment with production instead of education.
Option 2 -> (A)-(IV), (B)-(I), (C)-(III), (D)-(II): Correctly matches Political Environment with government intervention, Economic Environment with production trends, Legal Environment with consumer protection regulations, and Social Environment with education and literacy.
Option 3 -> (A)-(I), (B)-(II), (C)-(IV), (D)-(III): Incorrectly matches Political Environment with production trends instead of government intervention, and misaligns all other environments.
Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II): Incorrectly matches Political Environment with consumer regulations and Economic Environment with government intervention, reversing their proper alignments.
Hence, Option 2: (A)-(IV), (B)-(I), (C)-(III), (D)-(II) -> Political Environment concerns government intervention in business (IV), Economic Environment deals with production trends (I), Legal Environment involves consumer protection regulations (III), and Social Environment encompasses educational systems and literacy rates (II) -> correct
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