BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Socio-Cultural Environment-It is also important to identify the critical elements of the socio-cultural environment of business. These elements are: social institutions and systems, social groups, social values and attitudes, role and responsibility of government, and responsibilities of business.

Detailed explanation-2: -The socio-cultural environment in a broad sense consists of the social system and culture of a nation. The system is stated as an intangible element that may affect behavior, relationships, perceptions and ways of life, survival and the presence of a person in the society.

Detailed explanation-3: -A society’s basic values, lifestyle, culture, preferences are all part of its socio-cultural Environment.

Detailed explanation-4: -Social Environment Defined The social environment consists of the sum total of a society’s beliefs, customs, practices and behaviors. It is, to a large extent, an artificial construct that can be contrasted with the natural environment in which we live. Every society constructs its own social environment.