Match List-I with List-II.

Choose the correct answer from the options given below:

(A)-(II), (B)-(III), (C)-(I), (D)-(IV)

The correct answer is option 3- (A)-(II), (B)-(III), (C)-(I), (D)-(IV).

(A) Social Environment- (II) Consumption habits.
The social environment of business include the social forces like customs and traditions, values, social trends, society’s expectations from business, etc. Traditions define social practices that have lasted for decades or even centuries. Major Elements of Social Environment- * Attitudes towards product innovations, lifestyles, occupational distribution and consumer preferences * Concern with quality of life * Life expectancy * Expectations from the workforce * Shifts in the presence of women in the workforce * Birth and death rates * Population shifts * Educational system and literacy rates * Consumption habits * Composition of family.

(B) Political Environment- (III) Government intervention in business.
Political environment includes political conditions such as general stability and peace in the country and specific attitudes that elected government representatives hold towards business. The significance of political conditions in business success lies in the predictability of business activities under stable political conditions. On the other hand, there may be uncertainty of business activities due to political unrest and threats to law and order. Major Elements of the Political Environment are as follows- Prevailing political system, The degree of politicisation of business and economic issues, Dominant ideologies and values of major political parties, Political ideology and practices of the ruling party, The extent and nature of government intervention in business, The nature of relationship of our country with foreign countries.

(C) Economic Environment- (I) Agricultural and industrial production trends.
The economic environment refers to the conditions and factors that affect the functioning of businesses and organizations within an economy. It encompasses various aspects related to the economic system. Some Components of Economic Environment are as follows- Existing structure of the economy in terms of relative role of private and public sectors * The rates of growth of GNP and per capita income at current and constant prices * Rates of saving and investment * Volume of imports and exports of different items * Balance of payments and changes in foreign exchange reserves * Agricultural and industrial production trends * Expansion of transportation and communication facilities. * Money supply in the economy * Public debt (internal and external) * Planned outlay in private and public sector.

(D) Technological Environment- (IV) Food preservatives.
Technological environment includes forces relating to scientific improvements and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business. For example, recent technological, advances in computers and electronics have modified the ways in which companies advertise their products. It is common now to see computerised information kiosks, and World Wide Web multimedia pages highlighting the virtues of products. Similarly, retailers have direct links with suppliers who replenish stocks when needed. Manufacturers have flexible manufacturing systems. Airline companies have Internet and World Wide Web pages where customers can look for flight times, destinations and fares and book their tickets online. In addition, continuing innovations in different scientific and engineering fields such as lasers, robotics, biotechnology, food preservatives, medicine, telecommunication and synthetic fuels have provided numerous opportunities and threats for many different enterprises. Shifts in demand from vaccum tubes to transistors, from steam locomotives to dieseland electric engines, from fountain pens to ballpoint, from propeller airplanes to jets, and from typewriters to computer based word processors, have all been responsible and creating new business.