Question

What components of society affect and are affected by the activities of a business enterprise​

Answer 1

Answer:

The term 'business environment' connotes external forces, factors and institutions that are beyond the control of the business and they affect the functioning of a business enterprise. These include customers, competitors, suppliers, government, and the social, political, legal and technological factors etc.

Explanation:

Some examples of social factors that affect retail businesses include:

1. Acceptance of internet commerce.
2. Advertising preferences.
3. Age distribution.
4. Buying habits.
5. Comfort with technology.
6. Customer service expectations.
7. Disposable income levels.
8. Education level.