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56. Which of the following is not an essential feature of the social environment?
Competitiveness
Respect for the individual
Better quality of Life
Bailment
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57. ------- is concerned with the obligation and duties of business to society.
Social responsibility
Status
Authority
None of these
58. -------- consists of economic conditions, economic policies, industrial policies, and economic system.
Business Environment
Economic Environment
Natural environment
None of the above
59. External environment of business is
Physical
Demographical
Economic
All of these
60. The low-income economies are sometimes referred to as -
First World
Second World
Third world
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