SELECT * FROM question_mgmt as q WHERE id=10878 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=20 AND chapterId=592 and ex_no='4' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

How does the socio-cultural environment influence business decisions?

Answer:

The socio-cultural environment plays a critical role in shaping business strategies, as it directly influences consumer behavior. Key considerations include:

  • Cultural Norms and Values: Businesses must align their products and marketing strategies with the cultural values of the target market. For example, a product that aligns with local customs or traditions is more likely to succeed.
  • Demographic Trends: Changes in population size, age distribution, and family structure affect demand for products and services. Businesses must track demographic shifts to cater to evolving needs.
  • Consumer Preferences: Social trends, such as the growing focus on sustainability, health, and wellness, impact consumer buying decisions. Businesses that cater to these preferences can improve brand loyalty and customer retention.
  • Social Responsibility: Businesses are increasingly expected to engage in ethical practices and contribute to social causes. Corporate Social Responsibility (CSR) initiatives help companies build positive brand images and strengthen their relationships with communities.


< Previous Question

Next Question >

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='3' AND subId='20' AND ex_no!=0 AND status=1 and id!=10878 ORDER BY views desc, last_viewed_on desc limit 0,10

  • Popular questions of class 12 Business Studies

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='3' AND subId='20' AND ex_no!=0 AND status=1 and id!=10878 ORDER BY last_viewed_on desc limit 0,10

  • Recently Viewed Questions of Class 12 Business Studies

Comments

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

Comment(s) on this Question


Important links

Quick Links

Resources

Support