This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Explanation:

Social environment refers to the cultural and social factors that influence the business operations. Celebration of Diwali is an example of social environment because it is a cultural festival celebrated in India and influences the business operations in various ways.

Below are the detailed explanations of how Diwali celebration affects the business environment:

1. Increase in Consumer Spending: During Diwali, people tend to spend more on buying gifts, sweets, clothes, and other items. This leads to an increase in consumer spending and boosts the sales of businesses.

2. Increase in Demand: Due to the increase in consumer spending, there is a rise in demand for products and services during the Diwali season. Businesses need to prepare themselves to meet the high demand and ensure that there is no shortage of goods.

3. Festive Discounts: To attract more customers, businesses offer festive discounts and promotions during the Diwali season. This helps to increase sales and also promotes customer loyalty.

4. Impact on Production: Businesses need to prepare themselves in advance to meet the high demand during Diwali. This may require an increase in production, hiring of temporary staff, and managing the supply chain effectively.

5. Impact on Employees: Diwali is a major festival in India, and employees tend to take leave during this period to celebrate with their families. Businesses need to plan their operations accordingly and ensure that there is no disruption in the work.

In conclusion, celebration of Diwali is an example of social environment as it influences the business operations in various ways such as increase in demand, increase in consumer spending, festive discounts, impact on production, and impact on employees.

Answer

B

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Because Diwali festival is related to social environment.....then its gets toh related with society

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Social environment because it is related to customs and traditions and because of it their is rapid increase in the market condition

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Correct answer is (B) bcoz the festival Diwali relates to our religion that's why it called in social enviourment

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