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Subjects

Business Studies

Social environment

In Class 12 Business Studies, this topic explores the social environment as an important part of the Business Environment. Students learn how society’s customs, traditions, values, beliefs, lifestyles, education, population trends and changing consumer preferences influence business decisions. They examine how social changes can create new opportunities, alter demand, affect products and services, and require firms to adapt their policies, marketing and practices to meet evolving expectations.

Expert · Level 3 · 25 questions

TOPIC PRACTICE

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25 questions

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  1. Ageing population
  2. Change in family structure and work roles
  3. Government price control
  4. Raw material shortage
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  1. Increase in money supply
  2. Reduction in import duty
  3. Awareness of gender equality
  4. Patent law
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  1. Competitive pricing
  2. Computer software change
  3. Export incentive
  4. Age composition of population
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  1. Change in social values
  2. Fiscal deficit
  3. Production technology
  4. Bank credit policy
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  1. Court order
  2. Educational aspiration and language diversity
  3. Stock market index
  4. Machine wear and tear
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  1. It is only a political change
  2. It is only a financial risk
  3. It is a social opportunity based on lifestyle change
  4. It is only a legal obligation
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  1. Foreign exchange control
  2. Price elasticity of demand
  3. New tax provision
  4. Social dignity and acceptance of diversity
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  1. Awareness about child safety
  2. Reduction in production cost
  3. Parliamentary majority
  4. Currency exchange risk
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  1. Market monopoly
  2. Urbanisation and growth of nuclear families
  3. Export restriction
  4. Inflation target
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  1. Expectation of tax concession
  2. Government purchase rule
  3. Expectation of ethical and responsible business
  4. Need for new machinery
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  1. Fall in interest rate
  2. Technological patent
  3. Import quota
  4. Aspiration for employment-oriented education
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  1. Health-based lifestyle and status attitude
  2. Machine age
  3. Political alliance
  4. Loan repayment period
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  1. Currency devaluation
  2. Women empowerment and decision participation
  3. Minimum support price
  4. Computer hardware improvement
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  1. Because it automatically reduces tax
  2. Because it increases foreign trade
  3. Because it recognises age-based customer needs
  4. Because it increases machine capacity
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  1. Response to economic recession
  2. Compulsion of technological innovation
  3. Legal registration
  4. Marketing according to religious and cultural beliefs
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  1. Social acceptance of responsible consumption
  2. Increase in bank rate
  3. Amendment in company law
  4. Fall in labour cost
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  1. Production expansion
  2. Sensitive and transparent service behaviour
  3. Reduction in direct tax
  4. Foreign investment limit
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  1. Only price competition
  2. Only legal compliance
  3. Rising awareness of mental well-being
  4. Only cost of capital
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  1. Change in transport cost
  2. Monetary policy
  3. New production method
  4. Values against social evils and for self-reliance
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  1. Child well-being and digital discipline
  2. Excise duty rate
  3. Port capacity
  4. Building rent
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  1. Only technological facility
  2. Understanding of faith and age-based needs
  3. Only export opportunity
  4. Only capital market
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  1. Change in banking regulation
  2. Change in company share price
  3. Change in social aspirations and identity
  4. Freight cost
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  1. Export subsidy
  2. Material cost
  3. Licensing policy
  4. Migration and tendency to live alone
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  1. Linguistic inclusion
  2. Availability of raw material
  3. Inflation control
  4. Machine efficiency
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  1. Foreign trade deficit
  2. Increasing participation of working women
  3. Government borrowing
  4. Freight technology

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