Page 2 - Home Assignment 10
P. 2
(iii) Social (c) Refers to various legislations within business
Environment transactions are to take place.
(iv) Economic (d) Includes forces relating to scientific
Environment improvements and innovations.
(v) Political (e) Include the social forces like customs and
Environment traditions, values, social trends, etc.
LONG QUESTIONS: (3/4/6) MARKS
(1) Discuss the characteristics of business environment.
(2) Discuss the importance of business environment.
(3) Discuss the micro level of environment.
(4) Explain, with examples, the various dimensions of business
environment.
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