The social trend of the vast majority of wealth being held by fewer and fewer people has resulted in a reduction in the % of the population able to buy moderate to high priced goods. This hurts the vendors and producers of many goods.
One way social factors affect a business is by helping the business learn about consumer preferences. Using technology for location-based advertising helps a company use targeted ads and messages.
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The social trend of the vast majority of wealth being held by fewer and fewer people has resulted in a reduction in the % of the population able to buy moderate to high priced goods. This hurts the vendors and producers of many goods.
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.
The fundamental services and facilities required for any social and economic development are called infrastructures of development.
One way social factors affect a business is by helping the business learn about consumer preferences. Using technology for location-based advertising helps a company use targeted ads and messages.
why
If a business shows social responsibility by contributing to a local charitable organization, it will have a positive effect on its customers. However, if that same business ignores local charities and donates to other charities that are of a foreign nature, it might have a negative affect because local problems are being ignored.
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Comverse offer social network analysis services. They help business or individuals with their social network presence. One can apply for their services through their website.
How does social responsibility by businesses affect the consumer community negatively
They haven't. If anything they've enhanced it !
The social trend of the vast majority of wealth being held by fewer and fewer people has resulted in a reduction in the % of the population able to buy moderate to high priced goods. This hurts the vendors and producers of many goods.
Social implication is the types of social factors which affect the business i.e. satisfied customers; better local environments; local employement or motivated workforce.
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.
There are many services that the website Your Business Ezine provides. Examples of services the website Your Business Ezine provides includes helping one host networking events and helping one with social media awareness.
These are the factors within the organisation that you have control over such as suppliers, staff etc