Identify the element which is not a part of Social environment ?

Constitution of the Country

The correct answer is option (2) : Constitution of the Country

Social Environment

Social Environment consists of social forces like traditions, values, social trends, level of education, the standard of living etc. All these forces have a vast impact on business.

• Tradition: It refers to social practices that have lasted for decades, such as Ugadi, Deepavali, ld, Christmas etc.,

• Impact: More demand during festivals provides opportunities for various businesses.

• Values: It refers to moral principles prevailing in the society, such as Freedom of choice in the market, Social Justice, Equality of opportunity, Non-discriminatory practices etc.

• Impact: The organisations that believe in values maintain a good reputation in society and find ease in selling their products.

• Social Trends : It refers to a general change or development in the society, such as health and fitness trends among urban dwellers.

• Impact : health and fitness trends has created demand for gyms, mineral water etc.