Explain the cultural, social, political and technical environment of business with suitable examples
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political environment include the political interventions in the company ,threats to law and order.This helps to build up confidence among business people. Eg: building a company according to political orders or supporting them
Technology environment means upgrading machines and technologies
bringing up new ways of producing goods. Eg: e commerce this helps the buyers to access 24x7
Social environment:includes customs,trends etc. eg: celebrating diwali,christmas in the company by distributing sweets ,encouraging social values
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