Which of the following is a key aspect of the social environment in business?
Correct Answer: Cultural norms
- Step 1: Understand what the social environment in business means. It refers to the society and culture in which a business operates.
- Step 2: Identify what cultural norms are. These are the shared values, beliefs, and behaviors of a group of people.
- Step 3: Recognize how cultural norms affect businesses. They influence how consumers behave and how businesses interact with their customers.
- Step 4: Conclude that cultural norms are a key aspect of the social environment because they shape both consumer behavior and business practices.
No concepts available.
