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Which factor is considered a social aspect of the business environment?

Practice Questions

Q1
Which factor is considered a social aspect of the business environment?
  1. Interest rates
  2. Cultural trends
  3. Technological advancements
  4. Legal regulations

Questions & Step-by-Step Solutions

Which factor is considered a social aspect of the business environment?
  • Step 1: Understand what the business environment is. It includes all the factors that can affect a business.
  • Step 2: Identify the different aspects of the business environment. These can be social, economic, political, and technological.
  • Step 3: Focus on the social aspect. This includes things like culture, trends, and consumer behavior.
  • Step 4: Recognize that cultural trends are part of the social aspect. They can change how people think and what they want to buy.
  • Step 5: Conclude that cultural trends influence consumer behavior and preferences, making them a key social aspect of the business environment.
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