Match List-I (elements and examples) with List-II (dimensions of business environment):
| List-I | List-II | ||
|---|---|---|---|
| (A) | Expectations from the workforce | (I) | Economic environment |
| (B) | Administrative orders issued by government authorities | (II) | Social environment |
| (C) | Volume of imports and exports of different items | (III) | Legal environment |
| (D) | Flexible manufacturing systems used by manufacturers | (IV) | Technological environment |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
| List-I | List-II | Reason |
|---|---|---|
| (A) Expectations from the workforce | (II) Social environment | It is one of the major elements of the social environment. It is about what society and workers expect. |
| (B) Administrative orders issued by government authorities | (III) Legal environment | The legal environment includes laws, administrative orders and court judgments that a firm must obey. |
| (C) Volume of imports and exports of different items | (I) Economic environment | It is a component of the economic environment, like balance of payments and money supply. |
| (D) Flexible manufacturing systems used by manufacturers | (IV) Technological environment | They are a new way of producing goods that came from scientific improvements. |
NCERT (2026-27 Edition): “(iii) Technological Environment: 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. …” “(v) Legal Environment: Legal environment includes various legislations passed by the Government administrative orders issued by government authorities, court judgments as well as the decisions rendered by various commissions and agencies at every level of the government— centre, state or local. …”
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