Question

Write short notes on.

Social Environment of business organization.

Answer 1

Social environment of business organisation refers to the social forces such as social values, customs, traditions, and social trends that bear an impact on the working environment of a business. For example, religious celebrations provide business opportunities to many enterprises, such as those producing sweets, decoration items, etc. Similarly, in India, a change in social trends, encouraging western lifestyle, has increased the demand for western wear, fast food, etc. Thus, we see that changes in the social environment of a country effects the working of a business in various ways.