Match List-I with List-II
List-I List-II Dimensions of business environment Examples (A) Social environment (I) Smoking bans in restaurants, shopping malls and public parks can have a significant impact on business. (B) Political environment (II) Higher cost of production will tend to force prices to go up. (C) Economic environment (III) The nature of the relationship of India with its neighboring countries. (D) Legal environment (IV) A common trend is the increasing movement of young workers to cities away from rural areas.
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| Dimensions of business environment | Examples |
| (A) Social environment | (I) Smoking bans in restaurants, shopping malls and public parks can have a significant impact on business. |
| (B) Political environment | (II) Higher cost of production will tend to force prices to go up. |
| (C) Economic environment | (III) The nature of the relationship of India with its neighboring countries. |
| (D) Legal environment | (IV) A common trend is the increasing movement of young workers to cities away from rural areas. |
Choose the correct answer from the options given below:
Solution
Option 1 -> (A)-(II), (B)-(IV), (C)-(III), (D)-(I): This incorrectly matches social environment with production costs (economic factor) and political environment with worker migration (social factor).
Option 2 -> (A)-(III), (B)-(IV), (C)-(II), (D)-(I): This incorrectly matches social environment with international relations (political factor) and political environment with demographic trends (social factor).
Option 3 -> (A)-(IV), (B)-(III), (C)-(II), (D)-(I): Social environment correctly matches with worker migration trends, political environment with India's international relations, economic environment with production costs affecting prices, and legal environment with smoking bans.
Option 4 -> (A)-(IV), (B)-(II), (C)-(III), (D)-(I): This incorrectly matches political environment with production costs (economic factor) and economic environment with international relations (political factor).
Hence, Option 3 -> (A) Social environment relates to demographic shifts like rural-to-urban migration (IV); (B) Political environment concerns international relations between countries (III); (C) Economic environment deals with production costs and pricing (II); (D) Legal environment involves regulatory laws like smoking bans (I) -> correct
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