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Mention The Socio-cultural Fabric As An Important Environmental Factor That Should Be Analysed While Formulating Business Strategies? |
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Answer» The socio-cultural fabric is an important environmental factor that should be analysed while formulating business strategies. The cost of ignoring the customs, TRADITIONS, taboos, tastes and preferences, etc., of a people could be very high. The buying and consumption HABITS of the people their LANGUAGE, beliefs and VALUES, customs and traditions, tastes and preferences, EDUCATION are all factors that affect business. The socio-cultural fabric is an important environmental factor that should be analysed while formulating business strategies. The cost of ignoring the customs, traditions, taboos, tastes and preferences, etc., of a people could be very high. The buying and consumption habits of the people their language, beliefs and values, customs and traditions, tastes and preferences, education are all factors that affect business. |
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