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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.

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What is meant by domestic business environment?

"Domestic" refers to business within a company's home country.


What is meant by the term socio-economic?

issues involving the economy and the social lives of citizens.Answer:(merged from discussion) This term can be defined in a bit easier way by saying that it involves the good use of resources for betterment of society.


What is meant by the term land use?

Land use usually refers to how land is classified or categorized for purposes of land management, taxation, zoning, conservation, etc. Different classifications include:AgriculturalCommercialConservationEstuarialFlood PlainForestlandHorticulturalIndustrialMixedRecreationalPassive RecreationalResidentialWetlands


What is meant by an agency cost?

Agency cost refers to the expenses incurred due to conflicts of interest between stakeholders in a company, primarily between shareholders and management. These costs arise when management makes decisions that benefit themselves rather than the shareholders, potentially leading to inefficiencies and reduced shareholder value. Examples include excessive executive compensation or pursuing projects that serve management's interests over those of the owners. Reducing agency costs often involves implementing better governance practices and incentive structures to align the interests of both parties.


What does Effiancy mean?

"Effiancy" appears to be a misspelling of "efficiency," which refers to the ability to achieve maximum productivity with minimum wasted effort or resources. It is often used in contexts such as business, energy use, and processes, emphasizing optimal performance and resource management. If you meant a different term or concept, please clarify!

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Marketing Environment is the sum total of all the forces that affects the firm's or a business organisation's decisions. Because, the firm's internal environment is controllable to a certain extent, so marketing environment basically includes the firm's external uncontrollable environment.


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