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2.3.1) The social environmentof business includes social factors like customs, traditions, values, beliefs, poverty, literacy, life expectancy rate etc. The social structure and the values that a
Society cherishes have a considerable influence on the functioning of business firms. For example, during festive seasons there is an increase in the demand for new clothes, sweets, fruits, flower, etc. Due to increase in literacy rate the consumers are becoming more conscious of the quality of the products.organisations are at the centre of changes taking place in the social environment therefore organisation must be aware of the culture, needs , preferences, purchasing patterns ect of consumers. Management must be fully aware of the social composition for both its consumers and its labour force in order to establish the best advantage for its customers and employees.
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Social factors affecting business?
There are a number of social factors that affect business in any environment. Some of the common factors include age, education level, income and culture among others.
What are social responsibilities?
Social responsibilities refer to an obligation that individuals or businesses have to solve social problems.
What are the components of the general environment in business?
economic environment ..social environment and political environment
What are the social responsibilities of entrepreneurs explain?
what are the social responsibilities of an enterpreneur
How business practices are changing?
Businesses recognize that they need to meet their customers where they are therefore they are becoming more social. You can find more businesses marketing on social media channels.
How does social responsibility business positively affect the consumer?
How does social responsibility by businesses affect the consumer community negatively
Explain why social studies is the study of man in his social environment?
Social studies focuses on studying human behavior, societies, and cultures within their social contexts to understand how individuals interact with each other and their environment. By examining these relationships, social studies helps us gain insights into the complexities of human society and how people shape and are shaped by their social environments.
Conclusion controllable elements of the business environment?
Briefly describe any FIVE (5) changes in the social environment that can affect the operation of an organisation. Briefly describe any FIVE (5) changes in the social environment that can affect the operation of an organisation.
How social responsibility by businesses affect the consumer community positively?
Businesses should treat their customers fairly. If they don't it will come back to bite them.
What are two types of strategies businesses use to directly influence the environment?
social media and strategic financing
How culture-technology and social interaction affect environment?
people kill each other
How does social responsibility by businesses affect the consumer community positively?
by providing bursarys,education, trainin,building the community hall
How does the social environment affect the business?
These are the factors within the organisation that you have control over such as suppliers, staff etc
What is economic environment?
socio economic environment is the sum total of social factors or circumstances caused by people in combination with the sum total of economic factors both physical and social that affect individual or group of individuals or community.
What is a sentence for human environment?
The human environment varies widely in different countries.A social scientist might call a person's home the individual's "human environment".Humans interact with and affect the human environment no matter where they live.
What is the social studies definition of human enviromental interaction?
Human-environmental interaction in social studies refers to the ways in which humans and the environment affect each other. It encompasses how humans adapt to and modify their environment, as well as the impact of the environment on human life and society. This concept helps us understand the interconnected relationship between people and their surroundings.
Define the concept of international business environment and also explain its scope and nature?
The international business environment refers to the external factors that affect businesses or organizations operating across national borders. It includes political, economic, social, technological, legal, and cultural aspects. The scope of the international business environment is broad as it covers various elements that impact the operations, strategies, and decision-making process of companies involved in global trade. Its nature is dynamic and ever-changing, driven by factors such as globalization, regional integration, trade agreements, and shifts in political and economic landscapes, which require businesses to adapt and navigate complexities in international markets.
