Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

In business terms, what do the values translate into?

Options:

Financial opportunities

Freedom of choice in the market

Celebration of festivals

Discriminatory employment practices

Correct Answer:

Freedom of choice in the market

Explanation:

Values refer to concepts that a society holds in high esteem. In India, individual freedom, social justice, equality of opportunity and national integration are examples of major values cherished by all of us. In business terms, these values translate into freedom of choice in the market, business’s responsibility towards the society and non-discriminatory employment practices. Social trends present various opportunities and threats to business enterprises.