Question

Match the Dimensions of Business Environment (List I) with their respective descriptions (List II): 

• A. A-IV, B-II, C-III, D-I
• B. A-I, B-IV, C-II, D-III
• C. A-III, B-I, C-II, D-IV
• D. A-II, B-III, C-I, D-IV

Hint:

Economic = Financial factors; Political = Government influence; Social = Cultural values; Legal = Laws and regulations.

Answer 1

The Correct Option is A

To solve the problem, we need to match each dimension of the business environment in List I with the correct description in List II.

1. Understanding the Concepts:

- Economic Environment: Factors like interest rates, inflation, and GDP that affect the economy.
- Political Environment: Stability of government and policy attitude.
- Social Environment: Traditions, values, and lifestyles of people.
- Legal Environment: Laws, court decisions, and legal orders impacting business.

2. Matching the items:

List I (Dimensions)	List II (Descriptions)
A. Economic Environment	IV. Interest rates, inflation, and GDP
B. Political Environment	II. Government stability and policy attitude
C. Social Environment	III. Traditions, values, and lifestyles
D. Legal Environment	I. Laws, court decisions, and legal orders

Final Answer:

The correct matching is:
A - IV,
B - II,
C - III,
D - I.