Question
Socio – cultural Environment
Answer :
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Socio-cultural environment is a collection of social factors affecting a business and includes social traditions, values and beliefs, level of literacy and education, the ethical standards and state of society, the extent of social stratification, conflict and cohesiveness, and so forth.
Socio-cultural environment consists of factors related to human relationships and the impact of social attitudes and cultural values on the business of the organization.
The beliefs, values and norms of a society
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