Question

How does socio-cultural environment affects business decisions-making? give a brief sketch of the nature of socio-cultural environment prevailing in india?

Answer 1

Organizations don't exist in a vacuum, and even the best business must know about changes in the way of life and social orders in which it works together.

A noteworthy socio-cultural factor affecting organizations and business choices is changing purchaser inclinations. What was famous and in vogue 20 years prior may not be well known today or 10 years not far off.

Changes in socioeconomics are likewise a huge factor in the business world.

Notwithstanding an organization's associations with the market and its clients, socio-cultural factors likewise affect an organization's inner decision-making process.