BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Traditional customs and religion found in a country may affect businesses operating in that area. The above-mentioned factors are often referred collectively to as
A
ethical factors
B
cultural factors
C
political factors
D
legal factors
Explanation: 

Detailed explanation-1: -Culture and the environment shape the child’s religious perspective as well as contributing to other developmental aspects, and influence the awakening and development of religious belief. All observations agree that the influence of relatives is the most obvious factor in the formation of religious attitude.

Detailed explanation-2: -Socio-cultural factors include consumers’ lifestyles, buying habits, education, religion, beliefs, values, demographics, social classes, sexuality and attitudes. These factors determine the suitability of an organisation’s products and services for its customers’ needs.

Detailed explanation-3: -They identified 4 types of culture – clan culture, adhocracy culture, market culture, and hierarchy culture. You can take the Organizational Culture Assessment Instrument (OCAI) to assess your organization’s culture in just 15 minutes and make strategic changes to foster an environment that helps your team flourish.

Detailed explanation-4: -Cultural identities are influenced by several different factors such as ones religion, ancestry, skin color, language, class, education, profession, skill, family and political attitudes.

There is 1 question to complete.