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Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh
Edition 10ISBN: 978-0073524597Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh
Edition 10ISBN: 978-0073524597 Exercise 2
Look through your local phone book to find five businesses that provide services in your area. List those businesses and, for each, describe how social trends might affect them in both positive and negative ways. Be pre-pared to explain your descriptions.
Explanation
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Five businesses that provide services can be:
• Banking institutions.
• Retail industry.
• Insurance industry.
• Hospitality industry.
• IT industry.
The positive effects of social trends on all of the above businesses are that they have become more accessible as compared to earlier times.
The negative effects of social trends on all of the above businesses are that they have high chances of bias due to increased socialism.
• Banking institutions.
• Retail industry.
• Insurance industry.
• Hospitality industry.
• IT industry.
The positive effects of social trends on all of the above businesses are that they have become more accessible as compared to earlier times.
The negative effects of social trends on all of the above businesses are that they have high chances of bias due to increased socialism.
Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh
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