Match the items of List-I with the items of List-II and choose the correct answer from the code given…
Ethics in business grows out of society's social and cultural values; technology is a force of the firm's external (macro) environment; improving quality is an internal…
Choose your answer
Match the items of List-I with the items of List-II and choose the correct answer from the code given below.
(a) Rival Firms — (i) External Environment
(b) Technology — (ii) Social and Cultural Environment
(c) Improving Quality — (iii) Internal Environment
(d) Ethics in Business — (iv) Global Environment
Answer and explanation
Correct answer B
Ethics in business grows out of society's social and cultural values; technology is a force of the firm's external (macro) environment; improving quality is an internal matter within the firm's own control, through its processes, people and systems; and rival firms now compete across national borders, so competition from them is part of the global environment of business. Hence (a)-(iv), (b)-(i), (c)-(iii), (d)-(ii).
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UGC NET Commerce