Match List I with List II

Choose the correct answer from the options given below :

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

The correct answer is option (2) : A-II, B-IV, C-III, D-I

A. Economic environment: The economic environment refers to the conditions and factors that influence the economic activities of a region or country. It includes aspects such as the state of the economy, financial markets, trade, and fiscal policies. Economic indicators like stock market indices (e.g., S&P 500, Dow Jones Industrial Average) are essential components of the economic environment as they reflect the performance and trends in the stock market, which, in turn, have a significant impact on the overall economy.

B. Social environment: The social environment encompasses the cultural, societal, and demographic factors that affect the way people interact and behave within a given region or society. It includes elements like traditions, customs, values, social norms, and demographic characteristics (e.g., age, gender, ethnicity). Traditions, in this context, are an integral part of the social environment, representing the historical and cultural practices that influence social behaviors and interactions.

C. Technological environment: The technological environment comprises the factors and trends related to advancements in technology and innovation. ft includes the development of new tools, techniques, and methodologies that can impact industries and businesses. New methods and techniques often emerge within the technological environment as a result of technological advancements. These innovations can lead to significant changes in how products and services are developed, delivered, and consumed.

D. Legal environment: The legal environment consists of the laws, regulations, and legislations that govern and regulate business activities and the behavior of individuals within a given jurisdiction. Legislations passed by government bodies are a crucial component of the legal environment as they define the legal framework within which organizations and individuals must operate. The legal environment can significantly impact business operations, contracts, compliance, and legal liabilities.