My Learning Cart

Which of the following is a component of the social environment in business?

Practice Questions

Q1
Which of the following is a component of the social environment in business?
  1. Consumer Behavior
  2. Interest Rates
  3. Government Policies
  4. Technological Innovations

Questions & Step-by-Step Solutions

Which of the following is a component of the social environment in business?
  • Step 1: Understand what the social environment in business means. It refers to the culture, values, and behaviors of people in society.
  • Step 2: Identify components of the social environment. These can include things like consumer behavior, social trends, and demographics.
  • Step 3: Focus on consumer behavior. This is how people decide to buy products or services, which is influenced by their social environment.
  • Step 4: Recognize that consumer behavior affects business decisions. Businesses need to understand what consumers want and how they behave to succeed.
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely