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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.
What else can I help you with?
What are social responsibilities?
Social responsibilities refer to an obligation that individuals or businesses have to solve social problems.
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 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.
What are the components of the general environment in business?
economic environment ..social environment and political environment
How does social responsibility business positively affect the consumer?
How does social responsibility by businesses affect the consumer community negatively
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.
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 culture-technology and social interaction affect environment?
people kill each other
What is it called when companies support social issues?
When companies support social issues, it is referred to as corporate social responsibility (CSR). This involves businesses taking responsibility for the impact of their activities on society and the environment.
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.
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.
Explain the element of micro-environment and macro-environment outline any two changes in the macro-environment?
The micro-environment refers to the immediate external factors that affect an organization, such as customers, suppliers, and competitors. The macro-environment, on the other hand, comprises larger societal forces like political, economic, social, technological, environmental, and legal factors. Two changes in the macro-environment could be shifts in consumer preferences towards sustainable products due to increasing environmental awareness, and changes in government regulations affecting global trade and import/export policies.
How does social responsibility by businesses affect the consumer community negatively?
Some businesses practices may offend others when they act socially. For instance, a business that supports gay rights may offend others who don't agree.
What is meant by a social obligation in business?
Social obligation is the requirement that businesses act with the community in mind. Many businesses are mindful of their social responsibilities in their operations.
