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2) Business firm should be aware of the changes in society. justify the statement
Answers
Answer:
Yes, business firm adapt the changes.
Explanation:
Bcoz today generation always expecting something unique in there daily life. So buiness firm should aware about the changes. That what the taste of consumers
Explanation:
1) Business is the organized efforts individuals to produce, sell and to then reap the profit. It is
the main aim of the business to earn profit. But due to certain external factors the business has to stay up to date with the latest changes in the social environment.
2) social environment is the social attitude which helps the business to cope up .The modern business is a social system in itself, and is part of a large social system represented by society in general
3) There should be some reciprocal relationship between the business and the society. In India, social trends are changing rapidly. Urban population is becoming more fit and health concious. Now the trends read to increase in junk food stores and gyms.
4) The entrepreneur should be vigilant and must be updated with or must have the clear knowledge of what are the current possibilities which might lead to the gains through the business.
Therefore, business firm should be aware of the changes in society.
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According to marking this length is sufficient to score full marks in justify questions.