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Justify the following statement: Social trends provide business opportunities. - Organisation of Commerce and Management

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प्रश्न

Justify the following statement:

Social trends provide business opportunities.

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उत्तर

  1. Society and business are inter-dependent.
  2. Class structure such as occupation, education, income level social status, attributes, etc. impact business decisions.
  3. Social trends are any type of activity that is practiced in society as a whole.
  4. Trends can be for a short period or long-lasting. As technology progresses the changes in social trends do change.
  5. Companies use their ability to anticipate social change as part of their business marketing policy, to grab business opportunities.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Business Enviroment - Exercise Q.6 [पृष्ठ १५२]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 7 Business Enviroment
Exercise Q.6 | Q 5 | पृष्ठ १५२

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