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Social factors can affect a business as tastes and likes can change. For example, if a business that sells a lot of junk and unhealthy food, and the nation is becoming more health conscious then the business will generate less revenue
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoSocial and cultural factors can make the difference between the success or failure of a business. For example. in an area where people value cooking at home, only a limited number of restaurants would be successful, while restaurants would thrive in an area where people eat out a lot. An area where people entertain a lot would support catering businesses, while a culture in which little entertaining is done would not. In a culture where certain types of foods are eaten for religious or other reasons, businesses that do not supply those foods would not be successful.
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