3 real life examples of social environment for business
Answers
Answer:
Composition of family is an example of social environment. Social environment consists of the customs and traditions of the society in which business is existing. It includes the standard of living, taste, preference and education level of people living in the society where business exists.
Explanation:
HOPE IT HELPS YOU MY FRIEND
PLEASE MARK ME AS BRANLIEST
Answer:
A social environment includes the values, beliefs, customs, and practices of a group of people. A business is subject to an external social environment and also its own internal social environment. Businesses that fail to adapt to social preferences related to their goods and services will fail.
immediate physical surroundings.
social relationships.
infrastructure.
industrial and occupational structure.
labor markets.
power relations.
government.
cultural practices.