Which of the following statements is not true: Select One

1) the societal environment is a macroenvironment, which includes the total environment outside the firm.

2) It is composed of three segments: social, economic, political The social environment focuses on demographics, lifestyles, and social values of the society.

3) The economic environment focuses on the nature and direction of the economy in which business operates\

(5 The political environment focuses on the processes by which laws get passed and officia