Which of the following statement is correct about social environment?

A. Social environment includes social forces and legal forces.

B. Social environment includes customs, values, and trends.

C. Social environment includes shift in demand from typewriters to computers.

D. Social trends present various opportunities and threats to business enterprises.

E. Social environment refers society's expectation from business.

Choose the correct answer from the options given below :

B, D and E only

The correct answer is option (1)- B, D and E only.

A. Social environment includes social forces and legal forces. This is not correct as social environment does not include legal forces.

B. Social environment includes customs, values, and trends. This is correct.

C. Social environment includes shift in demand from typewriters to computers. This is not correct as technological environment includes shift in demand from typewriters to computers.

D. Social trends present various opportunities and threats to business enterprises. This is correct. 

E. Social environment refers society's expectation from business. This is correct. 

* 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. For example, the celebration of Diwali, Eid, Christmas, and Guru Parv in India provides significant financial opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and many other related business. 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. For example, the health-and-fitness trend has become popular among large number of urban dwellers. This has created a demand for products like organic food, gyms, bottled (mineral) water and food supplements.